摘要
2006年我国股权分置改革基本完成,这种制度变革是否对上市公司2006年的股利政策产生了影响。通过对2006年上市公司股利政策进行统计分析,结果显示2006年上市公司的股利政策具有股利分配形式以现金股利为主、整体分红水平提高不多、异常派现行为减少等特征。在对这些特征进行分析的基础上,提出了应加强现金流量管理和大力发展机构投资者。
The data analysis on dividend policy of listed companies in 2006 indicates that cash dividend is the major distribution program in 2006, but the growth of cash dividends is not as rapid as profitability. On the contrary, the phenomena of ultra-ability and low cash dividends are decreasing after reform of non-tradable shares. Based on those characters, this paper suggests that cash flow management be strengthened and institutional investors be developed.
出处
《当代经济管理》
2008年第1期68-70,共3页
Contemporary Economic Management
关键词
股权分置改革
股利政策
现金股利
reform of non-tradable shares
dividend policy
cash dividend policy
