上市公司高派现股利政策浅谈——以美的集团为例财务盖宣羽.pdfVIP

上市公司高派现股利政策浅谈 ——以美的集团为例 摘要 最近几年，我国高派现的行业越来越多，如医药行业、食品及家电等行业， 这些行业也成为了社会重点关注的行业。投资者更加喜欢现金分红和现金股利分 配成为股利分配主要形式是我们国家市场的现状。从国内情况来看，因为资本市 场的不成熟，导致监管机制留存有许多不合理之处，有些企业未能从自身情况出 发，制定不合理的股利政策，导致企业无法实现自身价值最大化以及创造效益的 同时，也使本企业的股东利益受到损害。所以，企业需要从本身的条件出发，出 台适合本企业发展的分红政策，既实现了本企业价值最大化，也可以保护除大股 东外其他股东的权利。本文将以美的集团采取的高派现股利政策为例，结合西方 股利理论和目前国内高派现的现状对美的集团股利分配政策展开分析，讨论其高 派现股利政策对该公司的价值会产生何种影响，并针对该企业的股利政策所存在 的问题提出一些适度的建议。 关键词：高派现；美的集团；股利政策；解决对策 Discussion on High Dividend of Policy of Listed Companies Taking Midea Group as an Example Abstract In recent years, China’s industries of medicine and biology, food and beverage, and household appliances have become the industries of high distribution. The present situation of high payout of listed companies in China is mainly manifested in the fact that cash dividend distribution has become the main form of dividend distribution and the number of high payout listed companies has increased. From the perspective of domestic situation, due to the immature capital market, there are many unreasonable aspects in the regulatory mechanism. Some enterprises fail to formulate unreasonable dividend policies based on their own situations, which leads to the inability of enterprises to maximize their own value and create benefits, and at the same time damages the interests of shareholders. Therefore, enterprises need to start from their own situation, implement the dividend policy that conforms to the development prospect of their development, so as to realize the maximum value of wood enterprises and at the same time protect the interests of minority shareholders. This article will to Midea Group mining of high cash dividend policy as an example, combined