谈上市公司股利分配行为的规范和完善  

Discussion on standardizing and perfecting the dividend distribution behavior of listed companies

作　　者：林有华 

机构地区：[1]龙岩市铁路建设开发有限公司,福建龙岩364000

出　　处：《闽西职业技术学院学报》2012年第3期52-54,61,共4页Journal of Minxi Vocational and Technical College

摘　　要：股利是公司以股东的持股份额为基础从净利中支付给股东的投资报酬的一种形式,稳定的股利政策对公司健康发展具有重要意义。与发达国家的上市公司相比,中国的上市公司在股利分配上存在股利支付率低,不分配或者少分配股利的现象严重;股利政策缺乏连续性和稳定性;违反同股同权、同股同利的原则等问题。这种非理性倾向,不利于上市公司企业价值最大化目标的实现,导致整个市场投机盛行。根据以上分析,提出了优化上市公司股权结构,完善法律环境,规范股利分配,促进证券市场良性发展的建议。The dividend is a form that pays out to the shareholders from the net profits according to how many shares they hold. A steady dividend policy means a lot to the healthy development of a company. Compared to the listed companies in developed countries, the listed companies in China have severe problems like the low payout ratio, no or insufficient dividends, ineontinuous and unsteady dividend policy, and violating the rules of equal shares enjoying equal rights and profits. These irrational aptitudes harm the achievement of maximum enterprise values and result in the popular speculation in the whole market. According to the analyses above, it puts forward that we should optimize the structures of listed companies＇ shareholding, perfect the laws, and standardize payout ratio, so as to promote the development of stock market.

关 键 词：上市公司 股利 股利政策 股利分配 

分 类 号：F830.91[经济管理—金融学]