上市公司的福利分红的.pptVIP

ANALYSIS ON DIVIDEND-PAYING PROBLEMS OF ;Introduction ;① Stock repurchase, agency cost and corporate life cycle influence dividends (Handley, 2008). ② The better the country legal environment is, the higher level of protection to investors, and the more dividends the corporations will pay (La Porta, Lopez-de-Silanes, Shleifer, Vishny, 2000). ③ Korinek and Stiglitz (2009) found that when the tax rate is low, the corporation will increase the dividend pay level. ④ The business can grow better with more dividend-paying (Zhou Ruland, 2006). ⑤ Fodil Walid (2010) believe that the manage