Research on the Dividend Policy of Listed Company and Fluctuation Effect of Stock Market
School of Economics, Shanghai University, Shanghai, 200444, Shanghai, China
Based on the dividend policy and theory, this article takes the events that A stock of all the listed banking companies (16 in total) issued dividend in the CSI stock market for 5 years from 2008 to 2012 as the investigation samples to inspect the relevance of dividend policy with the fluctuation of stock price and transaction volume, thus to prove the dividend policy is an efficient mechanism for information transmission.
Key words: dividend policy / fluctuation of stock market / signal transmission
© Owned by the authors, published by EDP Sciences, 2015
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 2.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.