The Research Of Correlation Between China's Listed Company's Sustainable Development And Cash Dividend Policy

Pursuing growth is the instinct of listed companies.At present,China's listed companies have been facing intense competitive environment.In a complex market environment,how to make the listed companies develop better has become a problem concerned to managers.Growing too fast or too slow is not a good thing for sustainable growth of enterprises.Compared with foreign companies,listed companies in our country still pay less attention than foreign companies.Therefore,studying the growth of China's listed companies,especially the company's sustainable growth is quite meaningful.From the view of the cash dividend policy of listed companies,the thesis explains the theory of company's sustainable growth and dividend policy,as well as the relationship between the two theories.Based on the re-building sustainable growth model,selecting the data and using correlation coefficient and regression analysis,the thesis analyses the relevance of sustainable growth and cash dividend policy of listed companies in our country.The conclusions of empirical research conducted by the thesis are as following:the thesis testifies that most of listed companies do not take the rational cash divined policy to promote the company's sustainable growth,and most of them tend to external financing in the event of unbalanced growth,meanwhile these may damage the overall interests of listed companies.Moreover,most investors in our country are not concerned about the rational growth strategy which listed companies make.