Research On The Cash Dividend Policy Of Chinese Listed Company

Dividend policy is a classical subject in financial study, and also a pending problem in modern financial theory over half a century. The development of China's securities market is not yet mature, and economic system in transition, which makes the study of China's dividend policy is more complex. Dividend distribution of arbitrary large, which showed that even though there are regulatory bodies are not fundamentally change interventions listed companies do not pay attention to the interests of investors, the practice of, or even to a reasonable dividend policy on the use of new negative impact.In recent years, scholars in our country tended to focus on the impact of signal transduction research, the dividend policy and corporate value relevance studies, cost of capital, dividend policy and corporate-related research in such areas. Their research are less from the perspective of corporate governance to examine the dividend policy. The present stage, China's capital market has been in the era of post-split share structure, large shareholders and the outstanding shares of shareholders have become more similar interests to explore the internal governance, particularly how it affects corporate governance, dividend policy is related to investors, creditors, the management and other aspects of the interests and the healthy development of China's securities market has certain theoretical and practical significance.On the perspective of corporate governance, this article analysis the listed company's cash dividend policy in China. This paper is divided into six chapters.