An Empirical Study On The Influencing Factors Of Dividend Distribution Of Listed Companies

If the capital structure policy is a way to create value,then the dividend policy is a choice of how to get value.In 1956,Lintner,a pioneer scholar,first put forward the behavioral model of dividend policy,which opened a new door of financial theory.Subsequently,many Chinese and foreign scholars on the theoretical basis of the ancestors of the stampede in,continuous research and innovation,the company's "trying to solve the puzzle of dividend policy".However,the company's dividend policy is not only affected by various internal factors,external factors are also affected by all kinds of unpredictable,which makes the "dividend puzzle" is more perplexing,Chinese and foreign scholars have be en increasingly favored.Compared with the mature theoretical system of western developed countries,there is still a long way to go for the study of dividend policy in china.Since its establishment in 1990 two in Shenzhen City,China's regulatory authorities gradually pay attention to the dividend policy,the policy has been introduced,from the earliest oral encourage listed companies dividend distribution,later will be linked to the financing amount and dividend distribution of listed companies,China's authorities are gradually explore a suitable for China's dividend policy road.However,due to historical reasons,the Company re financing,light return "thought is ingrained,coupled with China's vast territory,the imbalance of regional development,which requires the authorities must according to time and place,rather than adopt a" blanket "management mode.From this perspective,the main influence on Jiangsu province dividend policy factors this paper researches,hoping to make a contribution to the improvement of China's capital market.First,this paper summarized the theory focuses on the existing domestic and foreign relevant dividend policy;then,elaborated our country scholars further exploration achievements,and combining the situation of Ch ina specific analysis of the status quo and causes of dividend policy in our country;secondly,the regional development of our country has its own characteristics,so this paper only for the author is familiar with Jiangsu province through the empirical research,selected the panel data from 2013 to 2015 this three years of analysis,to analyze the effect of the cash dividend distribution of Listed Companies in Jiangsu province and the main problems,hoping to find the connection from,proposes some suggestions to improve and standardize the dividend policy of Listed Companies in Jiangsu province.On the one hand enrich the theory research on the dividend policy of the listed company of our country,on the other hand,the management of Listed Companies in J iangsu Province,the company's investors and companies to set up the correct value of the investment to provide reference to promote the development of the listed companies in Jiangsu Province healthy and stable.