英语论文网

ect themselves. Law gives rights of minority shareholders include: people enjoy the same internal dividend rights , namely the same stock with Lee ; major decisions on the company 's voting power ; election of directors of the Company the right ; against the damage caused by the company to the shareholders the right to sue . In addition to the rights described above , shares of minority shareholders can also be sold to those who want to get control of the company by a hostile takeover , and as with those who do not pay dividends for the company to compete.

  

Listed companies on foreign dividend policy theory and practice made a more comprehensive analysis, draw conclusions and enlightenment following points :

First, the listed company 's dividend policy will have the company's share price and the company's market value has a very important influence , this effect will also involve the vital interests of the shareholders . Therefore, listed companies starting from the goal of maximizing shareholder value , and coordinate between the dividend distribution and development of the company , shareholder interests and long-term interests of the current relationship between the dividend policy to make the best choice .

Second, the cash dividend is abroad , especially in some developed countries, the most important dividends of listed companies form , the dividend payout ratio of these countries are also at a high level ; balanced faction is now the company's share price stability , to maintain its market image and reduce the company's future the best choice for financing costs , which is also a considerable number of foreign superiors entities. The majority of China's listed companies is not allocated , keen on bonus , less cash dividends or through a share placement to achieve "misappropriating " purposes. Such dividend distribution , the differences in foreign listed companies is actually a direct manifestation of differences in behavior and the inevitable result . Taking into account the dividend policy is directly related to the goals of capital market regulation , securities management dividend policy of listed companies should be regulated as an important regulatory elements , and to take effective measures to improve the efficiency and quality of supervision .

Third, some countries have adopted legislation requiring listed companies to pay a cash dividend , which is constrained company " insiders " behavior, to solve agency problems and effective means of protecting the interests of shareholders . In this highly concentrated ownership structure of listed companies , listed companies behavior seriously anomie reality, China should also improve the legal environment for legislation in this area , with a legally binding through coercive measures , forcing companies to "treat shareholders," dividend distribution to achieve rational behavior . Shareholders should learn to " treat yourself" , should be adept at legal weapons to protect their own interests to make it from damage.

Fourth, in the implementation of the stock buyback system in the country, share repurchases as a form of dividends , cash dividends have an irreplaceable role . This form of dividends on China also appears to have referential significance . Should be compatible wi本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。