我国制造业上市公司股利分配的财务影响因素研究

发布时间：2018-05-26 16:04

本文选题：制造业 + 上市公司　；参考：《黑龙江大学》2013年硕士论文

【摘要】：股利政策是上市公司财务管理的核心内容之一，在上市公司的经营管理中起着重要的作用，并一直是公司各方利益相关者关注的焦点之一。西方学者对于股利政策的研究较早，一直在理论和实践中探索，已经取得了大量的成果，但是由于研究角度和研究方法的差异，得出的结论也是不同的。并且研究表明，不同行业的股利政策也有很大的差异。我国制造业上市公司在沪深两市上市公司占有约一半的比例，改革开放以来，中国的经济取得了快速的发展，制造业也经历了快速增长的时期，，在我国GDP所占的比重一直很高，是我国国民经济的重要组成部分。并且制造业在生产环节具有一定的相似性，所以在制定股利政策时可能会受到一些共同因素的影响。本文在对相关文献回顾的基础上，总结了我国制造业上市公司的现状，并探讨了我国制造业上市公司股利分配政策的影响因素，即盈利能力、偿债能力、成长能力、营运能力、公司规模、生产能力等。利用多元线性回归分析法，选取2007—2011年我国制造业上市公司的相关数据进行了实证分析，并得出了相关结论。最后依据分析结果和我国制造业上市公司股利分配的现状，从外部环境和制造业上市公司内部环境两方面提出了完善股利分配政策的具体建议。
[Abstract]:Dividend policy is one of the core contents of financial management of listed companies and plays an important role in the management of listed companies. Western scholars have studied dividend policy earlier and have made a lot of achievements in theory and practice. However, due to the differences of research angles and methods, the conclusions are different. And the research shows that the dividend policy of different industries is also very different. China's manufacturing companies account for about half of the listed companies in Shanghai and Shenzhen stock markets. Since the reform and opening up, China's economy has made rapid development, the manufacturing industry has also experienced a period of rapid growth, the proportion of GDP in China has been very high. It is an important part of our national economy. And the manufacturing industry has some similarities in production, so it may be influenced by some common factors when making dividend policy. Based on the review of relevant literatures, this paper summarizes the current situation of listed manufacturing companies in China, and probes into the influencing factors of dividend distribution policy of listed manufacturing companies in our country, that is, profitability, solvency, growth capacity, operating capacity. Company size, production capacity, etc. By using multivariate linear regression analysis, the relevant data of Chinese manufacturing listed companies from 2007 to 2011 are selected for empirical analysis, and the relevant conclusions are drawn. Finally, according to the results of the analysis and the current situation of dividend distribution of listed manufacturing companies in China, the paper puts forward some specific suggestions to improve the dividend distribution policy from the external environment and the internal environment of manufacturing listed companies.
【学位授予单位】：黑龙江大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F425

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