上市公司的股利政策分析

頁數(shù) 15 字?jǐn)?shù) 10065

內(nèi)容提要
本文首先對(duì)目前國際上的各種主要股利政策的理論進(jìn)行了回顧，闡述了各種股利政策理論所表達(dá)的不同觀點(diǎn)，對(duì)股利政策的各種具體表現(xiàn)形式進(jìn)行了分析。然后隨機(jī)抽取了蘇錫常地區(qū)18家上市公司的股利政策進(jìn)行分析，總結(jié)了目前蘇錫常地區(qū)上市公司股利政策的主要特征以及存在的問題，并與西方上市公司以及我國上市公司的股利政策進(jìn)行比較，指出三者之間的相同和區(qū)別之處。從這些分析中得出結(jié)論：蘇錫常上市公司的股利分配形式多樣但比較集中于派發(fā)現(xiàn)金股利，不分配股利的公司相對(duì)較少，股利政策缺乏連續(xù)性和穩(wěn)定性，受再籌資行為影響很大，股權(quán)結(jié)構(gòu)相對(duì)比較合理，股利分配行為不規(guī)范。最后就這些問題提出了規(guī)范與完善蘇錫常地區(qū)上市公司股利政策的對(duì)策和建議。本文研究蘇錫常上市公司的股利政策，對(duì)我國其他地區(qū)的上市公司股利政策起了示范和借鑒作用。

關(guān)鍵詞：上市公司,股利政策,股利分配

Abstract
This article first has carried on the review to the present international on each kind of main dividend policy theory, elaborated each kind of dividend policy theory expresses the different viewpoint,adopted in the elaboration to the dividend policy each kind of concrete manifestation form. Adopted in the Shanghai Stock Exchange listing tech areas 18 of its listed companies dividend policy analysis, summed up the current tech areas listed company dividend policy, the main features and problems with the West and listed companies and our listed companies dividend policy comparisons on the same between the department and distinction. From these analyses concluded : tech distribution of dividends of listed companies but rather concentrated in a variety of formats to distribute cash dividends, not distribution companies relatively small, dividend policy, the lack of continuity and stability to the funding of acts of influence equity structure relatively reasonable dividends distribution irregularities. Finally on the issues raised norms and perfect tech areas listed company dividend policy responses and proposals. This study implemented the dividend policy of listed companies, listed companies in other parts of our dividend policy, a role model and learn from.

Key word : listed company dividend policy dividend assignment
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