英语论文网

e impact on stock prices , dividend policy as an information delivery mechanisms also seem insignificant . In addition, China's securities regulatory means backward, keep up with the pace of development of the securities market , often using an executive order to regulate the way , while the dividend policy should be listed on the company's own market behavior choices, complete executive order will only result in dividend policy distortions deformation.

Difficult financial management objectives dividend distribution policy in accordance with relevant guidance survey , nearly 80% of the company's financial management staff identify with the company to maximize the value for financial management objectives , but in fact nearly 60 % of companies use the profit maximization this indicator to guide the company's business activities. This understanding of financial management objectives confusion , a direct result of the dividend distribution of listed companies are not standardized . According to the preceding analysis , in recent years chosen not to the high proportion of dividend distribution , while the selection camp was profitable companies are still the main form of dividends . On the one hand is a listed company is still very keen to increase retained earnings , put money into a number of short-term projects , fund raising and use of the lack of long-term planning ; other securities regulatory authorities advocate cash dividends of listed companies , their financing behavior of various restrictive policy , the company is inevitable to increase the proportion of cash dividends to achieve the purpose of re- financing , so that the dividends of listed companies conduct a " policy market " tendencies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。