A Study on Stock Dividend of Chinese Securities Market

DOI

10.2991/iaw-sc.2013.8How to use a DOI?

Keywords

Dividend Policy; Cash Dividend; Mystery of Cash Dividend (MCD); Sharpe index model

Abstract

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.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 2013 International Academic Workshop on Social Science
PB  - Atlantis Press
SP  - 33
EP  - 36
SN  - 1951-6851
UR  - https://doi.org/10.2991/iaw-sc.2013.8
DO  - 10.2991/iaw-sc.2013.8
ID  - Lu2013/10
ER  -