《股权结构对现金股利影响的实证研究—基于钢铁行业的实证分析》-毕业学术论文（设计）.docVIP

l 股权结构对现金股利影响的实证研究 ——基于钢铁行业的实证分析 摘 要 本文以上市公司钢铁行业中37家公司为研究对象，结合上市公司巨潮资讯网公布的财务数据，分析了股权结构对现金股利的影响。本文以股利支付率为因变量对现金股利进行了研究。结果发现：钢铁行业中的上市公司基本处于绝对控股状态，并且股权集中度与现金股利的分配呈显著负相关，第一大股东控制权越高越倾向于较低水平的现金股利。 关键词：股权结构，股权集中度，现金股利 The shareholding structure of cash dividend influence of empirical research ——based on empirical analysis of the steel industry Tutor：Zeng jun Abstract This paper takes listed companies in the steel industry 37 companies as the research object, the union listed companies the tidal wave information nets published financial data, this article analyses the shareholding structure of cash dividend influence. Based on the dividend to pay rate as dependent variable cash dividends are studied. The results showed: the iron and steel industry in absolute holding listed companies basic condition and equity concentration and cash dividend distribution is a significant negative correlation of the first largest shareholder control, the higher the tend to lower levels of cash dividend. key words：equity structure and the share concentration ratio cash dividend 目 录 TOC \o 1-3 \h \z \u HYPERLINK \l _Toc280635161 1 绪论 PAGEREF _Toc280635161 \h 1 HYPERLINK \l _Toc280635162 1.1研究的意义 PAGEREF _Toc280635162 \h 1 HYPERLINK \l _Toc280635163 1.2文献综述 PAGEREF _Toc280635163 \h 1 HYPERLINK \l _Toc280635164 1.2.1国外研究综述 PAGEREF _Toc280635164 \h 1 HYPERLINK \l _Toc280635165 1.2.2国内研究综述 PAGEREF _Toc280635165 \h 1 HYPERLINK \l _Toc280635166 2 股权结构对现金股利的影响 PAGEREF _Toc280635166 \h 3 HYPERLINK \l _Toc280635167 2.1基本理论 PAGEREF _Toc280635167 \h 3 HYPERLINK \l _Toc280635168 2.1.1相关理论 PAGEREF _Toc280635168 \h 3 HYPERLINK \l _Toc280635169 2.1.2股权结构的相关理论 PAGEREF _Toc280635169 \h 3 HYPERLINK \l _Toc280635170 2.2我国股权结构的现状 PAGEREF _Toc280635170 \h 4 HYPERLINK \l _Toc280635171 2.2.1我国的上市公司股权结构存在着一股独大的问题 PAGEREF _Toc280635171 \h 4 HYPERLINK \l _Toc280635172 2.2.2我国的上市公司中内部人控制的现象十分严重 PAGEREF _Toc280635172 \h 5 HYPERL