基于股利理论的上市公司现金分红制度研究  

Study on Cash Dividends Regulation of Listed Company Based on Dividends Theory

作　　者：李胜坤[1] 

机构地区：[1]河南师范大学商学院,河南新乡453007

出　　处：《河南师范大学学报（哲学社会科学版）》2014年第4期63-67,共5页Journal of Henan Normal University(Philosophy and Social Sciences)

摘　　要：我国现有的上市公司现金分红制度以保护中小股东为目的,将股利分配与再融资相挂钩,强制要求再融资公司进行现金分红。这种制度限制了上市公司自主决定利润分配的权力,增加了公司再融资的成本,执行效果并不理想。基于股利理论和中国的现实,应该从细化"强制性现金分红"的要求、改善公司治理机制及完善配套措施等方面改革我国上市公司的现金分红制度。The current listed companies＇ cash dividends regulation in china aims to protect small shareholders, links cash dividends to corporate refinancing and force companies which want to refinance dividend. This regulation limits the listed companies decide the cash dividend with their condition and increase their refinancing costs. It is not effective in execution. Based on dividends theory and Chinese capital market, puts forward the reform proposals include detail ＂mandatory cash dividend＂ requirements, improve the corporate governance and perfect supporting measures to improve the listing Corporation cash dividends regulation.

关 键 词：股利理论 上市公司 现金分红 

分 类 号：F276.6[经济管理—企业管理]