公司金融股利政策理论研究.doc.doc

 创新性声明 本文声明所呈交的论文是我个人在导师指导下进行的研究工作及取得的研究成果。尽我所知，除了文中特别加以标注和致谢中所罗列的内容以外，论文中不包含其他人已经发表或撰写过的研究成果；也不包含为获得西安电子科技大学或其他教育机构的学位证书而使用过的材料。与我一同工作的同志对本研究所做的任何贡献均已在论文中做了明确的说明并表示了谢意。 本人签名：——————— 日期：——————— 关于论文使用授权的说明 本人完全了解西安电子科技大学有关保留和使用学位论文的规定，即：学校有权保留送交论文的复印件，允许查阅和借阅论文；学校可以公布论文的全部内容或部分内容，可以允许采用影印、缩印或其他复制手段保存论文。（保密的论文）在解密后遵守此规定） 本人签名：——————— 日期：——————— 导师签名：——————— 日期：——————— 摘 要 由于我国证券市场的不断完善和成熟以及越来越多公司的上市，公司的经营决策者面临着越来越多的与股利分配有关的财务问题因此，股份公司迫切需要科学、系统和实用的理论研究成果做指导我国关于股利理论研究和实证分析尚未引起人们足够的重视，仍处于相对冷落的状态。通过对西方相关文献的梳理，股利理论总体进展脉络进行综合性的分析与评价从中探明西方股利研究的最新发展方向，为进一步研究做好理论铺垫。Abstract Due to the quick development of our country stock market, more and more companies go into stock market, the company operator maker faces a lot of policy problem what is relevant to dividend, therefore, companies are demand of science, system studies with practical dividend theories in order to guild the dividend allotment of the our country listed company. Western scholars have long been probing the issue of dividend policy. They have conducted a lot of theoretical studies and put forward various theories with different ideas. However, the study of dividend has just begun in China. This paper tries to review the theory regarding dividend. This paper is divided into five chapters. In Chapter 1, In Chapter 2, This paper makes an overall comprehensive analysis of and comment on the dividend theories through summarization of the general development of dividend theories. In Chapter 3, the paper introduces the latest development in dividend theory —— Behavioral Dividend Theory. In Chapter 4, this paper introduces Game theory to research dividend signaling and establishes the signaling Games of Dividends model. We get a conclusion that investors can observe the dividend issuing level to judge the quantity of enterprise. The last chapter analysis mental state of the investors and stock systems, and concludes that some ph