期刊文献+

基金持股对上市公司股利分配的影响研究 被引量:1

下载PDF
导出
摘要 本文从保护投资者的角度,基于代理理论构建股利决策模型,并以2001~2003年的中国制造业上市公司为样本进行实证检验,得出结论认为,基金持股比例与上市公司的股利支付水平呈正相关。解决我国当前上市公司股利分配偏低的一个有效途径是大力发展证券投资基金,不断提高基金持股比例。
作者 李强 黄国良
出处 《江苏商论》 北大核心 2007年第2期144-145,共2页 Jiangsu Commercial Forum
基金 2006中国矿业大学管理学院青年项目
  • 相关文献

参考文献4

二级参考文献21

  • 1管汝平.股份回购的管理[J].上市公司,1999,(5).
  • 2原红旗.[D].,1998年.
  • 3Zhao, Y. Q., 2000, "Dividend Payment and Ownership Structure in the Chinese Stock Market", Asia - Pacific Journal of Accounting & Economics (7), 129--141.
  • 4Conroy, Eades and Harris, 2000, "A Test of the Relative Pricing Effects of Dividends and Earnings: Evidence from Simultaneous Announcements in Japan", Journal of Finance LV P1199--1997.
  • 5Asquith and Mullins, 1983, "The Impact of Initiating Dividends Payments on Stockholders' Wealth", Journal of Business 56. P77-- 96.
  • 6Aharony and Swary, 1980, "Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis", Journal of Finance 35, P1- 12.
  • 7Charest, 1978, "Dividend Information, Stock Returns and Market Efficiency", Journal of Financial Economics 6,P297-- 330.
  • 8Petii, 1972, "Dividend Announcements, Security Performance and Capital Market Efficiency", Journal of Finance 27. P993-- 1007.
  • 9Jensen and Meckling, 1976, "Theory if the Firm:Managerial Behavior, Agency Costs, and Ownership Structure", Journal of Financial Economics, P305--360.
  • 10Miller and Modigliani, 1961, "Dividend Policy,Growth and The Valuation of Shares", Journal of Budiness,34 P411 -- 433.

共引文献630

同被引文献17

  • 1翁洪波,吴世农.机构投资者、公司治理与上市公司股利政策[J].中国会计评论,2007,5(3):367-380. 被引量:97
  • 2李增泉,孙铮,任强.所有权安排与现金股利政策——来自我国上市公司的经验证据[J].中国会计与财务研究,2004,6(4):48-93. 被引量:34
  • 3王化成,李春玲,卢闯.控股股东对上市公司现金股利政策影响的实证研究[J].管理世界,2007,23(1):122-127. 被引量:247
  • 4FAN JOSEPH P H, HUANG J, OBERHOLZER-GEE F, et al. Corporate Diversification in China: Causes and Consequences [ R ]. CEI Working Paper Series, Institute of Economic Research, Hitotsubashi University,2008.
  • 5ZECKHAUSER R J,POUND J. Are Large Shareholders Effective Monitors? an Investigation of Share Ownership and Corporate Performance[ M ]//HUBBARD R G. Asymmetric Information, Corporate Finance and Investment. Chicago : University of Chicago Press, 1990 : 149-180.
  • 6ECKBO B E, VERMA S. Managerial Share Ownership, Voting Power, and Cash Dividend Policy [ J ]. Journal of Corporate F;mance ,1994 ( 1 ) :33-62.
  • 7SHORT H,ZHANG H, KEASEY K. The Link between Dividend Policy and Institutional Ownership [ J ]. Journal of Corporate Finance,2002,8 (2) :105-122.
  • 8ALLEN F, BERNARDO A E,WELCH I. A Theory of Dividends Based on Tax Clienteles[ J]. The Journal of Finance,2000,55 (6) :2499-2536.
  • 9GRINSTEIN Y, MICHAELY R. Institutional Holdings and Payout Policy[ J ]. Journal of Finance,2005 ( 3 ) : 1389-1426.
  • 10JENSEN M, MECKLING W. Theory of the Firm: Managerial Behavior, Agent Costs, and Capital Structure [ J ]. Journal of Financial Economics, 1976 ( 3 ) : 305 -360.

引证文献1

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部