论文标题
股息政策对首次公开提供价格绩效的影响的研究
A Study on Impact of Dividend Policy on Initial Public Offering Price Performance
论文作者
论文摘要
这项研究研究了股息政策对印度首次公开发行的绩效的影响。研究期是从2011 - 2014年开始。在考虑期间发行的IPO的每月回报和印度股票市场指数（Nifty 50）被考虑进行长期绩效研究。所使用的方法学工具是长期绩效统计和GARCH模型。虚拟变量用于测量股息对IPO的影响。该研究表明，股息政策对IPO股票价格没有重大影响。
This study examines the impact of dividend policy on the performance of initial public offerings in India. The period of study is from the year 2011-2014. Monthly returns of the IPOs issued in the considered period and the Indian Stock Market Index (Nifty 50) were considered for the long-run performance study. The methodological tools used are long-run performance statistics and the GARCH model. The Dummy variable was used to measure the effect of dividends on the IPOs. The study reveals that the dividend policy has no significant effect on the stock prices of IPO.
