Equity Pledge Scale, Maturity and Stock Yield

In this paper, cross-sectional regression, OLS regression, quantile regressions and grouping analysis are used to explore the relationships among the equity pledge scale, the maturity of the pledge and the stock yield with the sample of A-share listed companies during 2001 to 2018. The results show...

Full description

Saved in:
Bibliographic Details
Published in2019 16th International Conference on Service Systems and Service Management (ICSSSM) pp. 1 - 5
Main Authors Liping, Wu, Yucan, Liu
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.07.2019
Subjects
Companies
equity pledge
financing
Investment
maturity
pledge scale
Profitability
Resource management
Stock markets
stock yield
Online AccessGet full text

Cover

More Information
Summary:In this paper, cross-sectional regression, OLS regression, quantile regressions and grouping analysis are used to explore the relationships among the equity pledge scale, the maturity of the pledge and the stock yield with the sample of A-share listed companies during 2001 to 2018. The results show that:(1) the maturity of the pledge has a more significant negative impact on the scale of the pledge; (2) average monthly stock yield over the past six months has significant positive influence on scale and maturity, the average scale and maturity of single pledge of the companies in the extreme stock yield portfolios are lower than those in the middle yield group; (3) the scale and maturity of the pledge have a more significant positive impact on the stock yield respectively.
ISSN:2161-1904
DOI:10.1109/ICSSSM.2019.8887843