股利政策与公司盈余——基于稳定性研究

股利政策是现代公司理财活动的核心内容之一。从股份公司诞生之日起,股利分配便已成为公司管理者与投资者共同关注的一个焦点问题。本文从股利政策稳定性的角度出发,对我国上市公司股利支付数量和支付形式进行研究。结果发现:无论是从支付形式还是从支付数量看,除公用事业行业外,我国其余行业上市公司实行的均是不稳定的股利政策,短期行为严重。

Research of Dividend Policy and Corporate Earnings based on stability

Dividend policy is one of the core content of financial management of modern companies. Since the emergence of the listed company, dividend distribution has become a focus of companies' managers and investors. This paper studies the quantity and form of the dividend based on the stability of dividend policy. The results show whether quantity or forms, the rest perform the uncertainty dividend policy except public utilities trade, which caused serious short-term decisions.