纺织制造业上市公司股利政策研究毕业论文.doc

毕业论文 （20_ _届） 纺织制造业上市公司股利政策研究 摘 要 股利政策是企业对股利分配所采取的策略，是现代公司理财活动的三大核心内容之一，也一直是现代公司采取管理中的一大难题。有关股利分配政策的实证研究一直是国内外财务管理方面的研究热点，在我国多集中于上市公司股利分配政策的市场效应研究上。关键词：Abstract Dividend policy is the enterprise of dividend distribution adopted strategies, as one of the three key elements in modern financial management, also always is modern companies to adopt management of difficult problem. Dividend policy will not only affect the shareholder’s benefit, but also affect the company operation and development, even to the performance of the whole stock market’s healthy development significant impact. But in recent years on the dividend policy of listed company in general not pay enough attention, dividend policy formulation blindness is larger, also exists many waiting to analyze and solve problems. Dividend policy related to empirical research has been the financial management of domestic and international hot spots, mostly concentrated in China’s listed companies on the market effects of dividend distribution policy research. In this paper, full of domestic and foreign dividends and policy based on the theory, using a combination of the theoretical and empirical methods, regression statistical methods, summary of China’s textile industry dividend distribution characteristics of the listed company, and pointed out the textile industrial dividend distribution problem, to improve the dividend policy of listed companies in China put forward corresponding countermeasures and suggestions. Keywords: listed company; dividend policy; textile industry 目 录 引 言 1 1 股利及股利政策 2 1.1 股利 2 1.2 股利的发放形式 2 1.3 股利政策的基本类型 2 2 股利政策理论 5 2.1 传统股利理论 5 2.2 现代股利政策 5 3 我国纺织制造业上市公司股利分配情况分析 7 3.1 我国纺织制造业现状分析 7 3.2 纺织业上市公司2005-2009年度股利分配情况 8 4 我国纺织制造业上市公司股利政策影响因素实证研究 10 4.1 样本选取 10 4.2 提出假设 10 4.3 变量设计 11 4.4 实证结果 13 5 规范我国上市公司股利政策相关建议 17 结 论 19 参考文献 20 引 言 十余年来，我国证券市场的发展取得了令人瞩目的成就，渐渐成为社会主义市场经济的主要组成部分。截至2010.7.20，上海证券交易所上市859，深圳证券交易所上市1001，A股总计1860。1 股利及股利政策 1.1 股利 股息、红利亦合称为股利。股份公司通常在年终结算后，将盈利的一部分作为股息按股额