我国上市公司高派现能力研究

A Research on the Ability of High Cash Dividends of Chinese Listed Companies

近几年我国上市公司高派现问题日益突出,一些公司甚至出现了异常高派现现象。高派现上市公司应具备一定财务能力支撑其派现水平,以此向市场传递积极信号。本文依据2016年度我国上市公司派现状况,将派现上市公司分为异常高派现组与非异常高派现组,并深入比较分析了异常高派现组与非异常高派现组的基本财务能力,发现异常高派现组并未比非异常高派现组更具良好的财务能力,其派现动机值得关注。

In recent years, China＇s Listed Companies of high cash dividends problems have become increasingly prominent, and some companies even had abnormal high cash dividends phenomenon. In order to pass a positive signal to the market, high cash dividends companies should have a certain financial capacity to support the level of cash dividends. This paper is based on the cash dividends situation of Chinese listed companies in 2016. listed companies are divided into abnormal high cash dividends group and normal group, then we analyzed their basic financial capacity. We found that the financial ability of abnormal group is not better than the normal group, it motivation is worthy of attention.