摘要
采用累积超额收益法对上海股票市场的股利政策进行实证研究,探讨了沪市股利政策信息传递效应的存在性及其特征,分析了送股、派息、配股产生的不同市场效应及其现实意义。
By using the method of Cumulative Abnormal Return(CAR),this article makes an empirical study of dividend policy in Shanghai Stock Market.It discusses the features and existence of signaling effects of dividend policy in this market and analyzes the different market effects caused by giving shares,distributing dividend and add- ing shares and their practical implications.
