Cuifeng Wu
ABSTRACT
Fund dividends can reflect the profitability of the fund to a certain extent. Funds with high dividends are usually more attractive to investors. So can fund dividends improve the performance of the fund? This paper selects medium- and long-term pure debt funds as the research object, to study whether the fund paying dividends and whether the fund paying high dividends has a significant positive impact on the performance of the fund The empirical results show that both paying dividends and paying high dividends have a significant positive impact on the fund performance. The research results have certain reference for investors to choose funds in the future.
- Wang Teng. The impact of dividend policy on corporate value——An empirical study based on listed companies in my country [D]. Beijing Capital University of Economics and Business, 2018.Google Scholar
- Li Ke, Lu Rong. Investor Bounded Rationality and Fund Marketing Strategies: Evidence of Large Proportion of Fund Dividends[J]. Management World. 2011, (11): 39∼48.Google Scholar
- Yang Chao. The strategic choice of the fund's high dividend behavior: a study based on the perspective of investor preference [D]. Jiangxi University of Finance and Economics, 2017.Google Scholar
- Meng Qingbin, Yang Junhua, Xu Wei. Investor redemption and public fund performance whitewashing——Based on the empirical evidence of the difference in information disclosure of Chinese funds [J]. Management Review, 2019, 31(11).Google Scholar
- Mo Taishan, Zhu Qibing. Why the investment return of fund investors is lower than the average return of the fund industry——An explanation based on the empirical test of the "smart money" effect[J]. Financial Research, 2013 (11): 193-206.Google Scholar
- Ren He. Fund performance prediction based on changes in fund holdings [D]. Jiangxi University of Finance and Economics, 2020.Google Scholar
- Dong Bo. Correlation analysis of fund initiative, investor type and income [J]. International Business Finance and Accounting, 2019 (9) 87-93Google Scholar
- Yin Qiang, Peng Geng. Comparative study on the performance of open-end funds with different investment strategies [J]. Financial Economics, 2012, (22) 104-107.Google Scholar
Index Terms
- Can Fund Dividends Improve the Performance of the Fund? ——Evidence From China's Capital Market
Recommendations
Analysis about China Hedge Fund and Global Hedge Fund in the Same Type
ICEBI '21: Proceedings of the 2021 5th International Conference on E-Business and InternetThe Chinese hedge fund industry was established in the early 1990s. By 2020, the number of Chinese hedge funds under management of more than US$1.5billion in assets has more than doubled to 63, and 27,000 new companies have been opened. Chinese fund ...
Liquidity Provision and the Cross Section of Hedge Fund Returns
I investigate whether hedge funds that supply liquidity earn superior returns. Using transaction data, I find that hedge funds following short-term contrarian strategies i.e., liquidity suppliers earn significantly higher returns on their equity trades ...
The Effects of Listing Changes in Multi-tier Capital Market –Evidence from China
ICEME '20: Proceedings of the 2020 11th International Conference on E-business, Management and EconomicsWe analyzed the effects of listing changes in China's stock markets during the period of 2007 to 2018, specifically on the market value and stock price volatility in multi-tier capital market. Propensity Score Matching was used to match the enterprises ...
Comments