本文選題：中小板　切入點(diǎn)：東方園林　出處：《廣東外語外貿(mào)大學(xué)》2017年碩士論文

【摘要】：上市公司的股利政策一直都備受廣大投資者的關(guān)注。企業(yè)的股利政策不僅會間接的對整個市場的發(fā)展產(chǎn)生作用。上市公司在制定股利政策時,要考慮很多方面的因素,其中不僅包括大股東的利益,還有自身的實(shí)際發(fā)展情況與所處的具體發(fā)展階段。這些因素綜合考慮以后再制定具體的股利政策。2004年5月,中小企業(yè)板開始正式在深交所設(shè)立。從最初的九家中小板上市公司到2016末的822家,發(fā)展到今天,中小板的規(guī)模越來越大,追求上市的企業(yè)逐年增多。中小板處于創(chuàng)業(yè)板與主板之間,兼具兩者的一些特色,同時也具有自己的特征。中小板的創(chuàng)立給廣大中小企業(yè)增添了新的融資機(jī)會。如今我國的資本市場仍舊是投機(jī)之風(fēng)盛行,政府和有關(guān)部門制定的法律法規(guī)也不夠健全,監(jiān)管力度不夠。本篇文章從股利政策的經(jīng)典理論出發(fā),運(yùn)用文獻(xiàn)研究和案例分析的方法,在總結(jié)中小企業(yè)板上市公司股利分配現(xiàn)狀的同時,對東方園林公司股利政策進(jìn)行了分析研究,總結(jié)出東方園林公司的股利政策特點(diǎn)和影響因素,并對規(guī)范中小板上市公司股利政策和東方園林公司的股利政策提出了一些建議。通過分析本文的案例,得出的結(jié)論是,東方園林公司的股利政策并未完全符合證監(jiān)會的所規(guī)定的要求,現(xiàn)金分紅是股利分配的主要方式,股利分配并不具有連續(xù)性。股利政策不夠穩(wěn)定。希望本文能夠幫助于廣大投資者進(jìn)行投資決策,加強(qiáng)他們的投資意識和風(fēng)險意識,對企業(yè)制定最適合本公司具體情況的股利政策產(chǎn)生積極作用,對探索中國特色的股利政策起到一些參考作用。對整個資本市場的完善有一定的促進(jìn)作用。
[Abstract]:The dividend policy of listed companies has always attracted the attention of the majority of investors. The dividend policy of enterprises will not only have an indirect effect on the development of the whole market. When the listed companies formulate dividend policies, many factors should be taken into account. This includes not only the interests of major shareholders, but also their own actual development situation and the specific stage of their development. These factors are taken into account before formulating a specific dividend policy. May 2004, The SME board began to be formally set up on the Shenzhen Stock Exchange. From the initial nine small and medium-sized board listed companies to 822 at the end of 2016, today, the scale of the small and medium-sized board is getting larger and larger. The number of enterprises seeking to go public has increased year by year. The small and medium-sized board is between the gem and the main board, and has some characteristics of both. At the same time, it also has its own characteristics. The establishment of the small and medium-sized board has added new financing opportunities to the majority of small and medium-sized enterprises. Nowadays, the capital market in our country is still in the vogue of speculation, and the laws and regulations formulated by the government and relevant departments are also not sound enough. This article proceeds from the classical theory of dividend policy, using the method of literature research and case analysis, summarizes the current situation of dividend distribution of listed companies on the SME board at the same time, The dividend policy of Oriental Garden Company is analyzed and studied, and the characteristics and influencing factors of dividend policy of Oriental Garden Company are summarized. Some suggestions are put forward to standardize the dividend policy of the small and medium-sized board listed companies and the dividend policy of the Oriental Garden Company. Through the analysis of the case of this paper, the conclusion is that, The dividend policy of the Oriental Garden Company does not fully meet the requirements stipulated by the Securities Regulatory Commission. Cash dividends are the main way to distribute dividends. Dividend distribution does not have continuity. Dividend policy is not stable. I hope this paper can help investors to make investment decisions, strengthen their investment awareness and risk awareness. It has a positive effect on the enterprises to make the dividend policy which is most suitable for the specific situation of the company, plays some reference role in exploring the dividend policy with Chinese characteristics, and promotes the perfection of the whole capital market to a certain extent.
【學(xué)位授予單位】：廣東外語外貿(mào)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2017
【分類號】：F426.92;F406.7

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