Proceedings of the 2013 International Academic Workshop on Social Science

A Study on Stock Dividend of Chinese Securities Market

Authors
Xiaoguang Lu, Yanru Li, Licheng Qian
Corresponding Author
Xiaoguang Lu
Available Online October 2013.
DOI
https://doi.org/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.
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Proceedings
International Academic Workshop on Social Science (IAW-SC-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2013
ISBN
978-90-78677-84-0
ISSN
1951-6851
DOI
https://doi.org/10.2991/iaw-sc.2013.8How to use a DOI?
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  -