2012会计职称考试《中级财务管理》复习股利政策与企业价值（2012, accounting title examination intermediate financial management review dividend policy and enterprise value）.docVIP

2012会计职称考试《中级财务管理》复习股利政策与企业价值（2012, accounting title examination intermediate financial management review dividend policy and enterprise value） 2012 accounting exam title intermediate financial management: review of dividend policy and enterprise value In 2012 the accounting exam title intermediate financial management, the sixth chapter and income distribution management Dividend policy and corporate value, knowledge points Dividend policy refers to the extent permitted by law, whether the enterprise dividend distribution dividend and dividend policy and Countermeasures when. The ultimate goal of dividend policy is to maximize the value of the company. The dividend can often transfer some information to the market, the dividend payment amount, whether stable, whether the growth, is often the most investors that the company operating condition, the development prospects of the criterion. Therefore, the dividend policy in relation to the company in the market, investors in the middle of the image, the success of the dividend policy will help improve the companys market value. (a) dividend distribution theory The dividend distribution scheme not only depends on the companys dividend policy, and depends on the decision makers of the dividend distribution and understanding, namely the theory of dividend distribution. Dividend distribution theory refers to the objective law of the dividend distribution of scientific understanding and summary, the core problem is the relationship between dividend policy and corporate value. Under the condition of market economy, the dividend distribution to meet the objectives of financial management. The concept of genre and different understanding of the relationship between dividend policy and financial goals, there is no authoritative views and conclusions which is accepted by most people. But there are mainly two kinds of popular opinion: 1. dividend irrelevance The dividend irrelevance theory holds that restrictions on certain condi