Research About The Correlation Between Dividend Policy And Corporate Governance Of Chinese State-Controlled Listed Companies

Dividend policy is an important decision of the company. All stakeholders are focus on it. It’s related with the company’s value and future development. There are so many factors that affect the dividend policy. I decide to do some research about the dividend policy from the perspective of corporate governance, according to the reality of our special background. State-controlled listed companies have played key role in China’s economic development. But they have many deficiencies in corporate governance. So that the dividend policy of state-controlled listed companies is non-rational. In order to clarify the intrinsic relationship between the two, I decide to make deep research.First, I sort out the relevant theoretical and research literature. Second, I analyze the specific reality of the background in which the state-controlled listed companies exist and the status quo of dividend policy. Then I select the appropriate sample and I do empirical analysis about the corporate governance factors which have impact on the dividend policy. In the course of research. I build the logistic regression model and draw the conclusion. Finally, I propose some solutions and recommendations.