The Empirical Study On The Influential Factors Of The Cash Dividend Policy Of Listed Companies In Anhui Province

As we all know, There are three core policy of enterprise management named the dividend distribution policy, investment policy and financing policy. The dividend distribution policy is always the focus of the research and debate for its significant impact. Learning a lot of theoretical researches and empirical analysis, we know that an effective and reasonable dividend policy can not only balance the interest relations, but also can bring the economic and social effects for the enterprise. It can send some good positive information to the market. Then it brings a new round of investment boom, sets up a good image and improves the reputation of the company. Cash dividend has been thought as the important form of dividend distribution of listed companies and is one of the important channels to get rewards for investors. Therefore, in order to help the listed companies in Anhui province making the cash dividend policy more feasible and reasonable, it is very necessary to research all the factors which we can think about refer to the cash dividend policy.Anhui province is located in central China. As the economic center and the policy guidance leaning to the region, it has an important significance to study the factors effected on the cash dividend policy of listed companies. In this paper, it has carried on the empirical analysis of listed companies in Anhui province on the basis of summarizing a large number of relevant economic data. Firstly, it carries out a comparative analysis between Anhui province and china on the present situation of dividend distribution of listed companies to find the obvious characteristics of dividend distribution of listed companies in Anhui province. Then it makes the descriptive analysis and uses the logit model and multiple linear regression model on the cash dividend distribution policy of listed companies in Anhui province. At last, it concludes that the profitability, floating assets, company size and other factors have a significant influence on cash dividend policy in Anhui province.There are five chapters in this paper of which the key parts are chapter 4 and chapter 5.It is the introduction in the first part. It mainly introduces the research background and significance, the current situation of research at home and abroad, research contents and methods, and possible innovation points and the insufficiency of this article, etc.The second part is the theory of dividend distribution policy content. It mainly stmmarizes the dividend policy of a few big theory, dividend distribution policy types and dividend payment forms.In the third part, it tells us the situation of the dividend distribution in our country and Anhui province and compares them. Then it finds a few big characteristics of listed companies in Anhui province. And it introduces the problems existing in the listed company’s dividend distribution policy in Anhui province and the causes of them.In the fourth part, it uses the logit model and multiple linear regression model of 12 independent variables in regression analysis respectively.In the fifth part, they are conclusions and policy suggestions. It draws a conclusion and puts forward some Suggestions according to the empirical analysis of the above results in this article.