上市公司股利政策研究——以中小板上市公司为例毕业论文.docVIP

江西农业大学南昌商学院 摘要 摘要 股利政策是现代公司理财活动的三大核心内容之一。其中，股利政策是公司融资政策、投资政策的逻辑延伸，是其理财的必然结果。公司股利政策恰当与否，对上市公司自身、广大投资者以及资本市场的发展都有重大的影响。 本文在介绍西方股利理论和我国股利分配问题的基础上，阐明了股利分配的种类、形式以及影响股利分配政策的因素。通过查阅大量资料分析总结，上市公司的股利分配行为具有波动性，大多数公司选择派现或不分配股利；不同行业的股利分配行为明显不同。针对我国上市公司股利分配行为不规范的现状，本文从两方面进行原因分析，我国资本市场不完善是上市公司股利分配行为不规范的外因，而上市公司自身存在的诸多缺陷则是内因。据此，本文提出了规范我国上市公司股利分配行为的思路，一是要建立发达有效的资本市场，二是要提高上市公司的自身素质。 【关键词】股利政策；财务决策；投资者；证券市场 江西农业大学南昌商学院 Abstract Abstract Financing policy, investment policy and dividend policy is the financial activities of modern companies of the three core content. Among them, the dividend policy is the company financing policy, investment policy of the logical extension of its financial management, is the inevitable result of. Dividend policy is proper or not, to listed companies, investors and capital market development has major effect. Based on the introduction of western dividend theory and our country on the basis of dividend distribution problems, expounds the types of dividend distribution, form and influence factors of dividend distribution policy. Through consulting a large number of data analysis and summary: listed company s dividend distribution behavior has a fluctuation, most companies choose dividend or dividends; dividend distribution behavior of different industries are significantly different. According to the distribution behavior of listed company of China does not regulate the status quo, this paper from the two aspects of the analysis, pointed out, Chinas capital market is not perfect is the dividend distribution of the listed companies do not regulate the external cause, but the listed company itself has many defects is the internal cause. Accordingly, this paper puts forward the specification of dividend distribution of Listed Companies in China: a behavioral approach to developed the establishment of effective capital market; the two is to improve t