The Effect of China’s Listed Companies’Financial Characterstics on Cash Dividend Policy
|School||Nanjing Agricultural College|
|Keywords||Cash Dividends Financial Characteristics Dividend Policy|
This paper mainly studied the effect of China’s listed companies’financial characteristics on cash dividend policy. The studying methods used in this paper are standardized methods of research and empirical research.First we reviewed the literature in china and abroad.Then we analyzed the present status of China’s listed companies’cash dividends. Empirical analysis chose the A shares of China’s Shanghai Stock Market which provide cash dividend during2006to2008as samples, and use single-factor correlation analysis and regression analysis to research. At last we can infer that Earnings per Share、 Return on Equity、Net Cash Flow from operating activities per share and the dividends per common share of the previous year have an effect on cash dividend policy. Finally, we summarized the research findings and come up with some recommendations.