Abnormal Returns of Stock Dividend: Evidence from China's Securities Market

被引：0
|
作者：
Lu, Qingchun [1 ]
Qian, Kai [1 ]
机构：
[1] Hohai Univ, Sch Business, Nanjing, Jiangsu, Peoples R China
来源：
2013 INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND APPLICATIONS (ITA) | 2013年
关键词：
Dividend Policy; Stock Dividend; Abnormal Returns; POLICY;
D O I：
10.1109/ITA.2013.39
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
This paper builds the portfolios and composite index of the cash dividend and stock dividend company, then studies the influences of the two kinds of dividend policies on returns. The empirical results show the two abnormal returns have significant difference: the investment portfolio of stock dividend policy is superior to the cash, moreover, the longer the holding periods, the more obvious the advantages. Therefore, stock dividend company is more valuable than the cash on investment.
引用
收藏
页码：143 / 146
页数：4
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