如何规范上市公司股利分配政策

On Regulating the Dividend Distribution Policy of Listed Companies

我国上市公司股利分配政策的制定普遍存在着非理性倾向。年报分析表明,上市公司股利分配中出现非理性行为的深层原因是体制问题。因此,改革和完善公司治理结构、会计制度、审计制度是规范上市公司股利分配政策的关键。

There is a widespread irrational tendency in the formulation of dividend distrib ution policy in the Chinese listed companies. The analysis of their annual repor ts indicates that the underlying reason for their irrational behavior is the pro blem of institution. Therefore, reforming and perfecting corporate governing str ucture, accounting system and auditing system is the key to regulating their div idend distribution policy.