A Research about How the Dividend Policy Influences the Enterprise Value on the Condition of Consecutive Cash Payoff

نویسندگان

  • Kemin Wang
  • Chunguang Zhao
  • Dongzhi Yu
  • Hongqi Yuan
چکیده

this article conducts a research about the relationship between cash dividend policy and enterprise value based on the data coming from the A-share listed companies over period 2005-2009. In conclusion, the enterprise value has a negative correlation with the incremental and the degressive cash dividend per share, and has a positive correlation with the stable cash dividend per share. Keywords—cash dividend policy; enterprise value; stability

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تاریخ انتشار 2012