英国论文代写价格：现金股利分配
英国论文代写价格：现金股利分配
陈Langnan和姚Zhengchun(2000)研究公司在上海证券交易所已实现股息分配政策。通过分析这些公司的数据在12月1日,1998年10月29日,1999年,他们进行了实证研究在不同的反应不同的股利政策造成的市场计划通过事件研究的方法。他们的论文也需要盈利公告效应考虑在内,并结合上市公司在年度报告中公布的盈利情况,研究分析了股票价格的变化引起的不同的股利分配方案。他们的研究表明,中国现金股利分配计划没有信号的影响,而股票股利分配具有重要的信号作用。本文解释了为什么中国股市是不同于西方发达国家。研究发现这一现象的主要因素是,股利分配制度仍然没有完成。这是专门针对中国上市公司在中国的股票市场。
英国论文代写价格：现金股利分配
他道,陈晓(2002)研究了上市公司发放现金股利,和他们研究的数据来自1997年和1999年。通过回归分析,两个进行了实证研究。这样做是为了评估现金股利分配计划与工业因素对股票价格的影响,公司的盈余情况,B股,年度变化,公司的规模和流通股的比例控制。在他们的论文中文献综述组织理论的观点圆监管部门是否应该干预上市公司的股利政策,并分析了可能的红利政策过程中存在的问题对中国股票市场股票价格施加影响。他们的研究表明,纯现金股利分配计划不包括股票股利和股票分配并不会对公司的股价产生影响,这意味着没有重大异常回报率。因此,它不会导致上市公司市场价值的增加。本研究提出疑问的合理性中国证券监管部门的干预上市公司的股息政策。
英国论文代写价格：现金股利分配
Chen Langnan and Yao Zhengchun (2000) studied companies in Shanghai Stock Exchange which have implemented dividend distribution policies. By analyzing those companies’ data during 1st December, 1998 and 29th October, 1999, they conducted empirical research on different response of market caused by different dividend policies plans through the approach of event study. Their paper also takes profit announcement effect into consideration, and by combining the profit-making situation of listed companies released in annual report, their research analyzed the changes of stock price caused by different dividend distribution plans. Their research indicates that Chinese cash dividend distribution plan does not have signaling effect, while stock dividend distribution has significant signaling effect. This paper explained the reason why Chinese stock market is different from that of western developed nations. The research found out that the major factor contributing to this phenomenon is that there was still no completed dividend distribution system. This was specific for Chinese listed companies in Chinese stock market.
英国论文代写价格：现金股利分配
He Tao and Chen Xiao (2002) researched on listed companies distributing cash dividend, and the data they studied is from 1997 and 1999. Through regression analysis, the two conducted empirical researches. This was done to evaluate cash dividend distribution plan’s influence on stock price with industrial factors, the company’s surplus situation, B share, annual change, company’s scale and the ratio of circulation stock being controlled. The literature review in their paper organized the views in the theory circle about whether supervision department should intervene the dividend policies of listed companies, and they analyzed the possible problems existing in the process of dividend policies exerting influence on stock price in Chinese stock market. Their research indicates that pure cash dividend distribution plan not including stock dividend and stock allocation will not have impact on the company’s stock price, which means that there is no significant abnormal return rate. And thus, it will not lead to the increase in market value of those listed companies. This study raised doubt about the rationality of Chinese stock supervision department’s intervention into listed company’s making of dividend policies.
