Research On The Economic Effect Of "High Stock Dividends"

Dividend policy is one of the important content of corporate financial decision-making,and it is also one of the key content that corporate managers and owners and market investors pay attention to.Compared with foreign countries tend to pay cash dividends,my country’s dividend policy has shown many forms.Among them,the phenomenon of "repaying and transferring,not paying cash" has become a major feature of my country’s capital market.The concept of "High stock dividends" has always been a stock.Hot topics in the market are highly sought after by investors.This article is based on the subject of "High stock dividends",using regression analysis,event research and case analysis,combined with Opcom’s case analysis and research on the economic consequences of "high delivery and transfer".Start with the phenomenon of "High stock dividends" in China,and analyze the development status of my country’s "High stock dividends" in recent years.Then,it analyzes the economic consequences of "High stock dividends".When studying the relationship between "High stock dividends" and Opcom’s company value,this article adopts the event research method to study short-term market reaction;When it comes to the relationship between "transfer" and stakeholders,this article uses regression analysis and comparative analysis,using regression analysis to study the relationship between "High stock dividends" and shareholder reduction,and compares and analyzes the "High stock dividends" before and after OPP The difference of Kangxi’s turnover rate is to study the activity of stocks,which can reflect the relationship between "High stock dividends" and small and medium investors.Based on the above analysis logic,this article draws the following conclusions: First,a reasonable "High stock dividends" should be based on the company’s high growth as a prerequisite,and must not deviate from the company’s fundamentals.Companies with high growth potential are able to make up for the dilution effect brought about by the implementation of "High stock dividends";second,"High stock dividends" can bring positive effects in both the short and long term.Although major shareholders will reduce their holdings after the "High stock dividends",it can be found from the case that the shareholders of high-growth companies reduce their holdings not to encroach on the interests of small and medium shareholders,but to take advantage of the "High stock dividends".Therefore,the real purpose of "High stock dividends" is to satisfy the company’s future development.This article has a certain degree of innovation in research perspectives and research methods.On the basis of predecessors focusing on studying the relationship between "High stock dividends" and major shareholders’ reductions in order to prove the negative effects of "High stock dividends",this paper Starting from its positive effects,it uses the method of empirical and case study to study the comprehensive economic consequences of "High stock dividends",and provides some reference for management and investors to choose "High stock dividends".