Discussion on Influence of Cash Dividend Policies on Stock Price by Taking MengDian HuaNeng Thermal Power Corporation Limited as an Example

摘要：

　　As one of the important forms for dividend distribution,cash dividend is the main method for return to shareholders.China Securities Regulatory Commission has released a series of related measures since 2008 to encourage listed companies to adopt long-term dividend policies and guide listed companies to conduct cash dividend as far as possible.The No.3 directive for supervision on listed companies by China Securities Regulatory Commission standardized cash dividend in 2013.By taking MengDian HuaNeng Thermal Power Corporation Limited stocks as the example,this article investigates the influence of different dividend policies of different years on stock price based on the signal transmission dividend theory by utilizing the event study analysis,in order to verify if the management layer utilizes dividend policy signal transmission to disclose information to investors,in order to illustrate that the cash dividend distributed by companies indeed affects investors decision on investment.

关键词： MengDian HuaNeng Thermal Power Corporation Limited cash dividend signal transmission theory

作者: Fu Minhang

作者单位: North China Electric Power University Beijing Changping Huilongguan Beinonglu2,China

会议类型: 国际会议

会议名称: 2017教育文化与社会发展国际会议(International Conference on Education,Culture and Social Development)(ICECSD 2017)

会议地点: 武汉

会议语种:英文

页码: 1-8

在线出版日期: 2017-05-20（万方平台首次上网日期，不代表论文的发表时间）