王景第一版.doc

2012届 分类号： 单位代码：10452 专业论文（设计） 上市公司股利政策实证研究 姓 名　 王景 学 号　座机电话号码0109 年 级　 2008级 专 业　 会计 系　（院） 物流学院 指导教师　 焦晶 2012年3月16日 摘 要 （此行为格式要求，请保留不动） 　股利政策是上市公司将税后收益在股东所得股利和留存盈利之间进行合理配置的策略股利政策研究三个视角分析其股利政策的现状及其背后的经济动机，分析股利政策的影响因素ABSTRACT （此行为格式要求，请保留不动） Dividend policy is a listed company will be shareholders in the after-tax income income dividends and retained earnings between the rational allocation strategy, is a modern company financial management under the system of financial allocation behavior is one of the important content, is to the shareholder distribution behavior. Appropriate dividend policy for listed companies to provide cheap source of funds, ensure that the listed company has the best capital structure, thereby enabling the company to obtain the long-term stable development. The main problem is the enterprise should be allocated, by what means distribution. The company operating the goal of shareholder wealth maximization, as one of the three major financial policies of dividend distribution policy should also be subject to the companys operating objectives. Moderate dividend policy is conducive to the stability of company equity structure, be faced with in the company takeover threat to provide effective defense barrier, which is conducive to the companys stability and sustainable development, implementation company value is the greatest change. Dividend policy is to finance on the classic subject, also is the modern financial theory more than half a century after the development of the problem still be in suspense. In this paper, on the dividend policy of a simple overview, built on the dividend policy of listed companies of the three perspectives: one is to analyze the situation of the dividend policy and the economic motive behind, two is a detailed analysis of the dividend policy of the listed company s influence factor, three is to investigate about the listed companies dividend policy announcements. Finally, according to the above emp