Dividend Policy and Share Price: A Study Based on the Case of the Te Chang Construction Company
碩士 === 朝陽科技大學 === 財務金融系 === 102 === Abstract Te Chang Construction Company was founded in 1986, one of the major companies in the construction industry. Te Chang Construction Companylisted on December 9, 1998 in Taiwan's GreTai Securities Market. This studydiscussed the effects of dividend payo...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/24586835625604059687 |
| Summary: | 碩士 === 朝陽科技大學 === 財務金融系 === 102 === Abstract
Te Chang Construction Company was founded in 1986, one of the major companies in the construction industry. Te Chang Construction Companylisted on December 9, 1998 in Taiwan's GreTai Securities Market.
This studydiscussed the effects of dividend payout on the share prices of Te ChangConstruction Company,when the company announced the dividend payout. We use event study to test declared dividend payments over the past five years.The main results include (1) significant positive abnormal returns only exist in several days; (2) there are negative abnormal returns when cash dividend payouts decreasing.
The results obtained in this study can provide future reference for Te Chang Construction Company when setting the dividend policy.
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