南华大学学报：社会科学版
南華大學學報：社會科學版
남화대학학보：사회과학판
Journal of Nanhua University（Social Science Edition)
2005年
5期
27~29
,共null页
股利政策 异常收益 有效市场
股利政策 異常收益 有效市場
고리정책 이상수익 유효시장
dividend policy ; abnormal return; efficient markets
对公司分配方案中股票股利发生变化时股票收益率的研究,显示证券市场对股票股利分配方案发生变化时有一定反应,但与国外成熟资本市场的反应并不一致,说明我国证券市场距离国外成熟资本市场还有一定差距,证券市场信息披露制度尚不规范.
對公司分配方案中股票股利髮生變化時股票收益率的研究,顯示證券市場對股票股利分配方案髮生變化時有一定反應,但與國外成熟資本市場的反應併不一緻,說明我國證券市場距離國外成熟資本市場還有一定差距,證券市場信息披露製度尚不規範.
대공사분배방안중고표고리발생변화시고표수익솔적연구,현시증권시장대고표고리분배방안발생변화시유일정반응,단여국외성숙자본시장적반응병불일치,설명아국증권시장거리국외성숙자본시장환유일정차거,증권시장신식피로제도상불규범.
This paper focuses on the stock return of those listed companies whose dividend varied during the allotment plan. The empirical study shows the market does not absolutely react to the allotment plan dividend vary, which is different from the western mature capital market. It tells us our security market has some distance from the mature market, and the information enclosure system is not regulated.
