上市公司股利分配外文文献翻译.docVIP

外文文献原文及译文 文献出处：jL/w P，￡ar/ //. The study of dividend distribution of listed companies.[J] North American Actuarial Journal, 2017, 13(2):217-228. 原文 The study of dividend distribution of listed companiesLiu Peng, Dari Horse Abstract The dividend policy of listed companies is not only related to the vital interests of the shareholders and creditors, also has a significant impact on the development of the companys future. But the stock market in the twenty years of rapid development at the same time also is not very mature, leave traces of their own system. Also reflected in the dividend distribution of listed companies, there are many non-standard places. This article through to around 2012 on statistical analysis of the characteristics of the dividend distribution of listed companies, combed the in China under the policies of the CSRC, the listed company dividend results and existing problems, and still have analyzed the reasons and put forward the corresponding countermeasures. In order to standardize the dividend distribution of listed companies, a better implementation of the securities and futures commission policy to provide some reference, to protect the interests of small and medium-sized investors, creditors and the company itself. Keywords: listed company, dividend distribution, cash dividends 1 Introduction Dividend policy as a companys core financial problems, has the very vital significance, reasonable dividend distribution policy of listed companies, is related to the vital interests of the shareholders and creditors, in establishing good image of the company at the same time, also can stimulate investors to the company continued investment enthusiasm, make the company achieve long-term stable development.So the dividend distribution of listed companies have been caught the attention of many. From December 1990, the Shanghai stock exchanges first eight stocks traded on the market, after more than 20 years of development, the Shanghai and Shenzhen two ci