格力电器股份有限公司股利分配存在的问题及对策研究.docxVIP

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摘要

股利分配在公司财务中起着举足轻重的作用，它是企业利润分配不可或缺的一部分。规范的股利分配政策对于公司的经营拓展有着深远意义。对于投资者来说，公司的股利政策往往是其投资决策的重要依据。稳定且具有吸引力的股利分配能够吸引和留住投资者，提升公司股票的市场竞争力，从而有助于公司在资本市场融资，获取更多的发展资金。如果企业股利分配不当会造成股价不稳，损害投资者利益，从而影响公司声誉，引发法律纠纷等一系列消极影响。因此，本文以格力电器股份有限公司为例，对其近几年的股利分配情况进行研究，发现其股利分配政策存在股权结构不够合理，股利支付率缺乏稳定性与连贯性，存在超能力派现和零派现分配政策，融资渠道较为单一的问题，针对这些问题提出优化股权结构，采取稳定的股利分配政策，制定合理股利支付率，拓宽融资渠道的建议，规范股利支付行为。本研究有助于完善企业的股利分配政策，推动企业蓬勃发展，也为我国上市公司及电器行业提供有价值的借鉴作用。

关键词：股利分配；股利政策；股权结构

ABSTRACT

Dividend?distribution?occupies?an?important?position?in?company?finance?and?is?an?important?part?of?enterprise?profit?distribution.?The?reasonable?policy?of?share?and?profit?distribution?has?vastimpact?on?the?operation?and?development?of?the?firm.?For?investors,?the?companys?dividend?policy?is?often?an?important?basis?for?their?investment?decisions.?Stable?and?attractive?dividend?distribution?can?attract?and?retain?investors,?enhance?the?market?competitiveness?of?the?companys?shares,?thus?helping?the?company?to?raise?funds?in?the?capital?market?and?obtain?more?development?funds.?If?the?dividend?distribution?of?an?enterprise?is?improper,?it?will?cause?the?stock?price?to?be?unstable,?damage?the?interests?of?investors,?thus?affecting?the?companys?reputation?and?causing?a?series?of?negative?effects?such?as?legal?disputes.Therefore,?taking?Gree?Electric?Co.,?Ltd.?as?an?example,?this?paper?studies?its?dividend?distribution?in?recent?years,?and?finds?that?has?anumberofproblems?in??dividend?distribution?policy,?rorexample,unreasonableshareholding?structure,?lack?of?stability?and?consistency?in?dividend?payment?rate,?super-cash?distribution?policy?and?zero?cash?distribution?policy,?and?relatively?simple?financing?channels.?Beaimedat?these?problems,?this?paper?puts?forward?some?advice?to?optimize?the?shareholding?structure,?adopt?stable?dividend?distribution?policy,?formulate?reasonable?dividend?payment?rate,?broaden?financing?channels,?andstandardize?the?behavior?of?dividend?payment.?This?study?is?helpful?t