Stock Dividend Is the Natural Choice of Strong Companies: Based on Least Significant Difference Method

Xiaoguang Lu (), Yiran Xi () and Diqian Lu ()
Additional contact information
Xiaoguang Lu: Hohai University
Yiran Xi: Hohai University
Diqian Lu: Kingsway Advisors Shanghai Ltd.

A chapter in LISS 2013, 2015, pp 365-370 from Springer

Abstract: Abstract Based on related dividend theories, this paper uses the empirical data of Chinese securities market, constructs the sub-portfolios which consist of three samples including stock dividend, cash dividend and non-dividend and studies the return of these three types of sub-portfolios with least significant difference method. The results of empirical study show that the income level of cash dividend portfolio is significantly lower than that of stock dividend portfolio and non-dividend portfolio, and the operating condition of listed companies issuing stock dividend is the best ideal, listed companies’ growth decides the choice of dividend policy, stock dividend is the natural choice of listed companies.

Keywords: Dividend policy; Stock dividend; Cash dividend; Least significant difference method (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-40660-7_54

Ordering information: This item can be ordered from
http://www.springer.com/9783642406607

DOI: 10.1007/978-3-642-40660-7_54

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().