6月 16, 2018

论文代写:股票股利

论文代写:股票股利

张水泉,韩德宗(1997)对350家实行股利政策的上市公司进行了研究,研究了1992年5月至1996年5月的数据。通过事件研究方法,对上市公司4年股利政策公告前后股价变化进行实证研究。此外,他们还检查了41个交易日(公告前20个交易日,公告后20个交易日)的异常收益率。他们的研究结果表明,在熊市中,当股利以现金分配时,投资者的异常收益率最高,其次是股票股利和股票分配。而牛市则恰恰相反,股票配置导致异常收益率比率最高,其次是股票分配和现金股利。

论文代写:股票股利
李玉祥、刘星(1997)分析了上海证券交易所上市公司的股利政策,研究了股利与股价的关系。本文将上市公司分为三类:仅派发现金股利、只派发股票股利、同时派发现金股利和股票股利。他们利用多元线性回归对股利与股价的关系进行实证研究。根据他们的研究,混合股利对股价的影响最为显著,其次是股票股利和现金股利。

论文代写:股票股利

Zhang Shuiquan, Han Dezong (1997) conducted research on 350 listed companies implementing dividend policies and studied their data from May 1992 to May 1996. Through event study approach, they conduced empirical research on the change of those listed company’s stock price before and after dividend policy announcement date during the four years. In addition, they also examined the abnormal return rate in 41 trading days (20 trading days before announcement date and 20 trading days after announcement date). Their research result demonstrates that in bear market, when dividend is distributed by cash, the investors get their highest abnormal return rate, followed by stock dividend and stock allocation. While in bull market, it is opposite the case, with stock allocation leading to highest ratio of abnormal return rate, followed by stock distribution and cash dividend.

论文代写:股票股利
Li Yuxiang and Liu Xing (1997) analyzed the dividend policy of listed companies in Shanghai Stock Exchange, studying the relationship between dividend and stock price. This paper divided listed companies into three categories—those only distribute cash dividend, those only distribute stock dividend and those distribute a combination of cash dividend and stock dividend. They made use of multiple linear regression to conduct empirical research on the relationship between dividend and stock price. According to their research, mix dividend has most significant influence on stock price, which is followed by stock dividend and cash dividend.

 

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