股票股利支付对股东财富的价值影响  

On the Value of Stock Dividend Payment to Shareholder Wealth

作　　者：司浩婷 SI Hao-ting(School of Economic Management,Lanzhou Institute of Technology,Lanzhou 730050,China)

机构地区：[1]兰州工业学院经济管理学院

出　　处：《兰州工业学院学报》2020年第1期105-108,共4页Journal of Lanzhou Institute of Technology

摘　　要：股票股利和现金股利是最常见的两种股利支付方式。二者适用的条件、性质以及对公司、股东的财务影响均不同。发放股票股利可使股东分享公司的盈利而无须现金流出,使公司留存了大量的现金。与此同时,股票股利也不影响股东权益总额,其资产、负债等均不发生改变。股票股利将原本属于股东所有的盈余公积转化为股东所有的股本,本质上是留存利润的凝固化、资本化。通过对股票股利发放后股东权益的变化和股东个人财富的计量,揭示上市公司股本总额、EPS以及股东所持股票的总价值之间的内在联系,以期对公司的股票价格预测和股利支付方式实务操作有一定的参考意义。Stock dividends and cash dividends are the two most common ways of paying dividends.The applicable conditions,nature and financial impact on the company and shareholders are different.Stock dividends allow shareholders to share the company's profits without having to leave the company,leaving the company with a lot of cash.At the same time,stock dividend does not affect the total amount of shareholders'equity,and its assets,liabilities and so on do not change.The stock dividend converts the surplus reserves originally owned by shareholders into the equity capital owned by shareholders,which is in essence the solidification and capitalization of retained profits.In this paper,through the changes of shareholders'rights and interests after the issuance of stock dividends and the measurement of shareholders'personal wealth,the internal relations between the total share capital of listed companies,EPS and the total value of stocks held by shareholders are revealed,in order to provide certain reference significance for the company's stock price prediction and the practical operation of dividend payment method.

关 键 词：股票股利 股东财富 每股盈余 

分 类 号：F299[经济管理—国民经济]