现金股利分配政策是评价投资的基本标准

文章论及股东投资的目的;企业与股东的关系;以及股东与企业的行为规范.论证了现金股利是股东能从企业那里获得的最切实的利益.因此,现金分红应成为对企业的基本要求--不低于银行同期存款利率;同时指出在股权分置的证券市场中,企业分红愈多,对中小股东的侵害便愈大.仅此一点,解决股权分置也就成为必然.股权分置改革将营造更加公平公正的投资环境.

Cash Dividend Distribution Policy is the Basic Standard of Evaluating Investment

This article is to discuss the investment of stock holders,the relati onship between the enterprise and stock holders and the action standards of stock holders and enterprise.It proves that the cash dividend is the best practical benefit which can be obtained by the stock holders from the enterpise.So,the cash distribute honus has become the fundamental demand,no less than the deposit interest rate of bank at the same period.It also points out that in the securities market of our stock righs disposition,the moro the distribute honus of enterprise,the bigger the infringement to the middle and stock holders.For only this reson,it's become inevitable to solve the disposition of stock rights.