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Domestic Political Drivers and Chinese Diplomacy: Xinjiang and Counter-Terrorism in South Asia
Raj Verma 경남대학교 극동문제연구소 2020 ASIAN PERSPECTIVE Vol.44 No.4
This article seeks to provide an answer to the question: in the new millennium, why did China continue to block India’s (and other countries’) attempts to designate Pakistani citizens as terrorists under UNSC 1267 committee rules? According to the extant literature, China’s actions are explained by India-China rivalry and India-Pakistan rivalry resulting in an “all-weather” strategic partnership between China and Pakistan against their mutual enemy India. However, the article argues that China’s actions are also explained by its concerns regarding terrorism/extremism/splittism in Xinjiang and the role of the East Turkestan Islamic Movement (ETIM)/ Turkestan Islamic Party (TIP) which threatens its national unity and territorial integrity. China is wary that the listing of Pakistani citizens as terrorists under the UNSC 1267 rules will lead to instability in Pakistan (and Afghanistan), which will provide a breeding ground for terrorists of all forms and colors including the Islamic State in Iraq and Syria (ISIS/IS/ Daesh). Daesh is a bane for China because it has links with ETIM/TIP and in recent years Uyghurs have also joined Daesh.
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Family Ownership and Dividend Policy: Evidence from India
RAJVERMA, Abhinav,MISRA, Arun Kumar,KUMAR, Gaurav Korea Distribution Science Association 2022 The Journal of Asian Finance, Economics and Busine Vol.9 No.9
The article examines the ownership structure and dividend payout behavior of India-listed firms using a panel regression approach. It focuses on family ownership and examines why dividend payouts of family firms differ from non-family firms. The study finds that family firms dominate and have concentrated ownership using data from the NSE-listed regular dividend-paying firms. Although family ownership concentration is high among Indian firms, these firms are not concerned about distributing cash as dividends. Instead, these firms focus on retaining and passing on control from one generation to the next. The evidence shows that family firms pay low dividends and have higher leverage than non-family counterparts. The results support the entrenchment of minority shareholders and the proposition that a high payout signals a reduction in the information asymmetry and level of risk. The study further illustrates that cash dividends tend to reduce the level of risk perceived; however, (cash dividend) leads to the deterioration firm's liquidity and aid in the shrinking of cash among emerging market firms. The originality of the paper lies in factoring ownership concentration while explaining the dividend behaviour from an emerging markets perspective, characterized by high private benefits and weak protection for external minority shareholders.
ScienceON
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