Analysis Of The Dividend Policy And The Performance Of The Listed Companies

In normal circumstances, the listed companies should give a reasonable return to the investors. However, the Chinese companies always pay more attention on financing than return, leading to the great volatility and instability of the market. As a result, the market is also known as "the gambling market","policy market" or "money market" which has been criticized by the society. This phenomenon is not only detrimental to fair, but also detrimental to efficiency, which is not conducive to the function and the development of the Chinese security market. In order to effectively change this situation, we should resolve the root causes of the phenomenon in terms of the listed companies, government management, investors and systems.In my paper, on the basis of some relative literature and research review, we mainly focus on two respects as follows:first, we will give a general statistical description of the dividends policy to study the situation and dynamic characteristics of the Chinese listed companies. Second, we will use the econometrics software to analyze the factors affecting the total dividend distribution. On the basis of which, we will use the multi-year cross-sectional data for further regression analysis on the impact of different dividends distribution methods. At last, this paper will raise the existing problems of the Chinese security market and propose some suggestions from the perspective of improving the market.