摘要
股利政策一直是财务管理的难题之一。理论界关于股利政策的观点有两大流派 :股利无关论和股利相关论。由于股利无关论受诸多苛刻限制条件的约束 ,并且有实证研究结果的支持 ,因此理论界目前更加倾向于股利相关论。本文结合我国上市公司股利分配的特点 ,分析其成本 ,并提出了自己的一些肤浅的想法。
Dividend policy has always been a baffling problem of financial management . In theoretical circles there are two schools about dividend policy : relevant dividend view and irrelevant dividend view . Compared with irrelevant dividend view , relevant dividend view is more popular in theoretical circles , which is restrained by less limitations and supported by positive research accomplishments . Combined with the character of dividend allocation and cost system in listed companies in China , the author puts forward some ideas about dividend policy in this essay .
