我國證券市場利潤分配問題研究
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本文關(guān)鍵詞: 證券市場 利潤分配 現(xiàn)金分紅 回報 對策 出處:《首都經(jīng)濟貿(mào)易大學(xué)》2012年碩士論文 論文類型:學(xué)位論文
【摘要】:中國改革開放以來,經(jīng)濟體制發(fā)生了重大轉(zhuǎn)變,為了適應(yīng)市場經(jīng)濟發(fā)展的需要,1981年我國首次發(fā)行了國債,標志著我國證券市場的誕生。隨后,1990年上海證券交易所掛牌成立,我國真正意義上的證券交易市場應(yīng)運而生,到如今歷經(jīng)了21年的風風雨雨,繁榮與危機、暴漲與暴跌如影隨形,雖然有波折,但證券市場的整體發(fā)展趨勢是向上的,經(jīng)濟的大發(fā)展與繁榮伴隨著證券市場的發(fā)展和繁榮。然而我們不得不談到一個與我國證券市場發(fā)展息息相關(guān)問題,即證券市場利潤分配狀況。 就目前我國證券市場上市公司的利潤分配現(xiàn)狀來看,其中不乏“現(xiàn)金奶牛”式的分紅公司,但絕大部分很吝嗇,只對投資者進行很小部分的分紅回報,有相當部分公司甚至不分紅。而在證券市場中的基金投資領(lǐng)域,也是混亂無序,,極不完善,分紅狀況同樣是令人失望。如此不合理的利潤分配怪相,嚴重制約著我國證券市場的良好運行,影響著國民經(jīng)濟的健康發(fā)展。 本文通過列舉大量實際數(shù)據(jù)、真實案例,將證券市場中上市公司的利潤分配狀況大致分為持續(xù)分配、很少分配和從不分配三種情況來加以分析、研究,并結(jié)合目前國內(nèi)外的經(jīng)濟形勢以及中國市場當前的行情,提出完善證券市場相關(guān)制度、提高政府宏觀調(diào)控水平、借鑒發(fā)達國家經(jīng)驗、提高上市公司盈利水平、完善監(jiān)管體制和相關(guān)財務(wù)制度等一系列的建議、措施和解決辦法。
[Abstract]:Since China's reform and opening up, the economic system has undergone a major transformation. In order to meet the needs of the development of the market economy, China issued its first national debt on 1981, marking the birth of our country's securities market. Subsequently, in 1990, the Shanghai Stock Exchange was set up. The securities trading market in the real sense of our country has emerged as the times require. By now, after 21 years of ups and downs, prosperity and crisis, soaring and plummeting have been closely followed. Although there are twists and turns, the overall development trend of the securities market is upward. The great development and prosperity of the economy is accompanied by the development and prosperity of the securities market, however, we have to talk about a problem closely related to the development of the securities market in our country, that is, the profit distribution of the securities market. As far as the current situation of profit distribution of listed companies in China's securities market is concerned, there is no shortage of "cash cow" type dividend companies, but most of them are very stingy, and only a small part of the dividend returns are paid to investors. There are quite a few companies that don't even pay dividends. And in the field of fund investment in the securities market, it is also chaotic and disordered, extremely imperfect, and the dividend situation is equally disappointing. Such an unreasonable distribution of profits is strange. It seriously restricts the good operation of China's securities market and affects the healthy development of the national economy. By citing a large number of actual data and real cases, this paper analyzes the profit distribution of listed companies in the stock market, which is divided into three situations: continuous distribution, rare distribution and non-distribution. Combined with the current economic situation at home and abroad and the current market situation in China, this paper proposes to improve the relevant system of the securities market, to raise the level of government macro-control, to learn from the experience of developed countries, and to raise the profit level of listed companies. Improve the regulatory system and related financial systems and a series of recommendations, measures and solutions.
【學(xué)位授予單位】:首都經(jīng)濟貿(mào)易大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2012
【分類號】:F832.51
【參考文獻】
相關(guān)期刊論文 前1條
1 王會芳;;創(chuàng)業(yè)板上市公司股利分配研究[J];證券市場導(dǎo)報;2011年03期
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