Huang, Chin-Sheng; You, Chun-Fan; Lin, Hueh-Chen - In: International Journal of Economics and Financial Issues 4 (2014) 2, pp. 382-399
whether trading strategies based on dividend-yield are effective in the Chinese stock market. Under market risk-adjusted, we … find an abnormal return for the samples of cash and dual dividend-yield. However, dual dividend-yield samples only …-factor model the abnormal returns still appear in the dual-dividend-yield samples. When the sample is further divided into high …