A Comparative Study On Dividend Policy Of Some Listed Commercial Banks In China And The United States

Dividend decision is an important financial decisions,which is virtually the result of negotiation between different stakeholders and closely related to the interests of enterprises,shareholders,creditors and other parties.The dividend policy is closely relevant to the maturity of the capital market as well.This paper aims at the comparative study of the dividend policy of listed commercial banks both in China and the United States,which not only enhances the process of China's listed commercial banks,to improve the scientific and reasonable dividend distribution system with the times,but also promotes the standardization of the securities market's development and the furtherance of reform in the financial field.This paper firstly summarizes the specific implementation of dividend distribution of listed commercial banks both in China and the United States.In this part,this paper includes the comparison of three main aspects of the dividend distribution of the commercial banks in China and the United States,dividend payment,its levels,and the stability and coherence of dividend distribution.Comparison found dividend payment level Chinese commercial banks more diverse,but the continuity and stability of its level of dividend payout and dividend payments compared to the US poor.The reasons for these differences is that the difference between Chinese and American commercial bank ownership structure,different regulatory mechanisms of the two countries capital markets,differences in two countries laws and policies.Finally,China's commercial banks for the dividend policy at this stage exposed the drawbacks of proposed ownership structure optimization,regulatory paradigm shift in business and profit model is recommended.The innovation of this article is mainly manifested in the study of the dividend policy of commercial banks in two different capital markets of China and America.Through comparison and analysis,we know the reasons for the differences in the dividend policy of commercial banks in the two capital markets under different external circumstances.We can provide some suggestions for the formulation of the dividend policy of commercial banks in China.