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- W2349831953 abstract "Abstrcat China's listed corporations do not follow a stable dividend policy. Furthermore, stock dividend which seldom used in the west is used by most listed corporations in China. Since the existing of a market behavior must have its market microstructure basis, the market microstructure characters of the listed companies' dividend policy are investigated from various aspects based on the financial market microstructure theory and methodology.The result indicates that Chinese listed companies' dividend policy has a special ″clientele effect″ - investors have different preference to different forms of (dividend.) This effect is harmful to the stock market's stability, and it is essential to take necessary measures to change this situation." @default.
- W2349831953 created "2016-06-24" @default.
- W2349831953 creator A5001248384 @default.
- W2349831953 date "2005-01-01" @default.
- W2349831953 modified "2023-09-23" @default.
- W2349831953 title "The ″Clientele Effect″ of China's Listed Corporation's Dividend Policy:Based on the Theory and Methodology of Financial Market Microstructure" @default.
- W2349831953 hasPublicationYear "2005" @default.
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