A Study on Stock Dividend of Chinese Securities Market
Xiaoguang Lu, Yanru Li, Licheng Qian
Available Online October 2013.
- https://doi.org/10.2991/iaw-sc.2013.8How to use a DOI?
- Dividend Policy; Cash Dividend; Mystery of Cash Dividend (MCD); Sharpe index model
- Based on related dividend theories, this paper uses the empirical data of Chinese securities market, constructs the sub-portfolios which consist of three samples including stock dividend, cash dividend and non-dividend and studies the return of these three types of sub-portfolios by co-integration model and Sharpe index model. The results show that the operating condition of listed companies issuing stock dividend is the best ideal, listed companies’ growth decides the choice of dividend policy, stock dividend is the natural choice of listed companies with sustainable development advantages.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Xiaoguang Lu AU - Yanru Li AU - Licheng Qian PY - 2013/10 DA - 2013/10 TI - A Study on Stock Dividend of Chinese Securities Market BT - International Academic Workshop on Social Science (IAW-SC-13) PB - Atlantis Press SP - 33 EP - 36 SN - 1951-6851 UR - https://doi.org/10.2991/iaw-sc.2013.8 DO - https://doi.org/10.2991/iaw-sc.2013.8 ID - Lu2013/10 ER -