Dissertation > Excellent graduate degree dissertation topics show

Ownership Structure of Chinese Listed Companies Empirical Study of Dividend Policy

Author: LiRanXia
Tutor: ZhuQiMing
School: Hunan University
Course: Accounting
Keywords: Ownership Structure Ownership Concentration Share Dividend Policy Cash dividends
CLC: F275
Type: Master's thesis
Year: 2005
Downloads: 613
Quote: 2
Read: Download Dissertation

Abstract


Chinese listed company dividend policy has been difficult to use modern theory to explain and predict dividends . For a long time , the listed company 's dividend payment level is very low , which to some extent contributed to the market's speculative sentiment . In view of this situation, in order to protect the interests of investors , China Securities Regulatory Commission in late 2000 to pay a cash dividend as a listed company to refinance a necessary condition for payment of cash dividends of listed companies and therefore a significant increase in the number , but the market did this regarded as \What caused this difference ? Research on this issue has important practical significance , especially listed companies can enhance the predictability of financial behavior , and guide rational investment behavior as well as the Chinese capital market reform to provide a new perspective. This paper focuses on the ownership structure of Chinese listed companies' dividend policies. First, start international comparison dividend policy , compared to the United States and dispersed ownership stake in Japan focused on the characteristics of dividend policy , dividend policy between the two countries through analysis of the causes , expected dividend policy ownership structure would cause systemic effects . Then, this paper empirical research methods , respectively, from the following two aspects of how it affects the ownership structure of Chinese listed companies dividend policy : First, different ownership structure under different levels of dividend payment ; secondly, under different ownership structure in cash dividend determinant differences. The empirical results show that the number of equity structure characteristics and quality characteristics were significantly affected the level of listed companies to pay dividends and dividend decision factors , China Securities Regulatory Commission on the dividend policy of the above listed companies regulation alone can not play a role in protecting the interests of small investors . Finally , this paper analyzes the above conclusions on how to guide the optimal dividend policy is to maintain the market just put forward the corresponding policy recommendations.

Related Dissertations

  1. The Design and Implementation of Medical Image Remote Access and Sharing Based on WADO,TP311.52
  2. An Empirical Analysis on the Changes of China’s Labor Share,F224
  3. China since the reform and opening up and the reasons for the evolution of the labor share analysis,F249.2
  4. Chongqing Manufacturing Development,F427
  5. Corporate Governance Effect of Non-tradable Shares Reform,F224
  6. Transaction Cost Analysis of State Power in the Contract of Farmland Converted to Non-agricultural Uses,F301
  7. Based on the research of the industry value chain T with suppliers win-win mechanism,F224.32
  8. New exploration to improve our Company Judicial Dissolution system,D922.291.91
  9. Discussion on the Protection of Minority Shareholders’ Rights in Limited Liability Companies,D922.291.91
  10. Relationship of the corporate ownership structure , scale and technological innovation,F224;F273.1
  11. Securities investment funds and stock market stability study,F224
  12. On the Property Crime of Possession and Convicted,D924.3
  13. Empirical Study on Ownership Structure and the Sensitivity of Capital Expenditures,F426.72;F224
  14. Research on Key Technology in GMPLS Based Optical Burst Switch Networks,TN929.1
  15. Ownership Structure and annual information correction Relationship,F832.51;F224
  16. Ownership structure of listed companies on the effective income tax impact study,F812.42
  17. Ownership structure of listed companies on executive changes Empirical Study,F224;F272.92
  18. China's chemical industry, Corporate Dividend Policy,F832.51;F224
  19. Pyramid ownership structure of family business Inefficient Investment,F832.51
  20. Pyramid structure of private equity related transactions of listed companies,F832.51
  21. An Research on Influencing Factors of Knowledge Sharing Effectiveness among Supply Chain Enterprises,F224

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net  Mobile