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在中国资本市场上,炒股一直是人们热衷的话题。近年来,在股票的发展过程中,又出现了高送转这一概念。紧接着“除权日”这一名词也开始产生。那么,除权日效应又会对高送转股票产生什么样的影响呢?本篇文章主要运用事件研究法对上海主板上市公司进行了研究探讨,以高送转股的除权日前后15个交易日为窗口,发现在除权日买入高送转股可以获得巨大收益。本文对数据分成了四个阶段,研究了“除权日效应”存在的影响和经历的变化,并说明了每个阶段所呈现的特征。
Stock trading in China’s capital markets has always been a topic of intense interest. In recent years, in the process of stock development, there has been a concept of “sending high”. Then the term “ex-date” began to come into existence. Then, the ex-dividend date will send the stock to send what kind of impact? This article mainly uses the event research method of the Shanghai mainboard listed companies conducted a study to discuss the issue of transfer of shares in the ex-dividend days 15 days For the window and found that in the ex-dividend date to buy into the high-share transfer can get huge gains. This paper divides the data into four phases, examines the influence and experiencing changes of “ex-dividend effect ” and illustrates the features presented in each stage.