Dividend Policy Analysis Of Gree Electric Appliances

As a listed company that is an important part of the capital market,dividend policy is one of the important decisions of its three major financial decisions.However,compared with the mature capital market,the cash dividend policy of Chinese listed companies shows an irregular pattern.This irregular cash dividend policy not only has a negative impact on the listed companies themselves,investors,especially small and medium shareholders.And it has seriously interfered With the health of China's securities market Developmentand,even the orderly operation of the country's macro-economy,which has aroused great concern from all walks of life.In 2011,the China Securities Regulatory Commission plans to introduce a mandatory dividend system.For more than 2,000 listed companies in the Shanghai and Shenzhen stock markets,this means management's determination to establish and improve the dividend mechanism of listed companies and create a rational market.Under such a background,Gree Electric has long insisted on a high-distribution policy,while other listed companies in the same context do not pay dividends or pay dividends,This paper,through the definition of the concept of high faction and the related theoretical basis,as well as the analysis and comparison of the cash dividend policy of China's household appliance industry Recently? to explain the precondition of this paper,this article takes Gree Electric High School as a case Analysis,using the combination of theory and case,in the special background of China's securities market,systematically analyzes the reasons for Gree's high dividend policy.This paper analyzes financial ability and willingness to drive,through the financial of Gree Electric There are many reasons for Gree Electric's allocation of high cash dividends in terms of conditions,information transfer effects,legal policies,investment opportunities and equity structure.On the basis of good financial status and business strategy,Gree's high-dividend dividend policy has certain reference significance.After many aspects of analysis,it finally provides suggestions for China's listed companies to improve their dividend policy.In the process of analyzing Gree's high cash dividend policy,this paper uses case analysis method,?,literature analysis method? comparative analys.and other methods to study relevant literature under the premise of obtaining various reliable basis.The study summarizes the in-depth and detailed analysis of Gree's case and compares and analyzes the dividend policies of other companies in the same industry.Therefore,the research in this paper is more comprehensive and contributes to the healthy development of the securities market in the new era.