罗庆,王平平,范庆军.股票股利变化市场反应的实证研究[J].,2005,6(5):27-29,55
股票股利变化市场反应的实证研究
An Empirical Study on the Security Market Reaction to the Stock Dividend
  修订日期:2005-03-08
DOI:
中文关键词:  股利政策,异常收益,有效市场
English Keywords:dividend policy,abnormal return,efficient markets
Fund Project:
LUO Qing  WANG Ping-ping  FAN Qing-jun
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中文摘要:
      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。
English Summary:
      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.
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