本文選題：股東福利　切入點(diǎn)：實(shí)物股利　出處：《浙江工商大學(xué)》2017年碩士論文

【摘要】：隨著我國(guó)資本市場(chǎng)的不斷發(fā)展,上市公司對(duì)股東的回饋越來越被重視。近幾年,上市公司向股東發(fā)放實(shí)物的行為悄然興起。據(jù)統(tǒng)計(jì),目前已有十六家上市公司向其股東進(jìn)行了共計(jì)二十三次的實(shí)物發(fā)放,發(fā)放的內(nèi)容和形式不盡相同。在新的經(jīng)濟(jì)業(yè)務(wù)出現(xiàn)之后,對(duì)其進(jìn)行系統(tǒng)的分析顯得十分必要。股東福利(shareholder perks),是股份公司針對(duì)股東以非現(xiàn)金形式發(fā)放的特殊權(quán)益,其形式多取決于公司的性質(zhì)。股東福利這種現(xiàn)象在國(guó)外較為常見,日本、美國(guó)、英國(guó)、澳大利亞、加拿大等國(guó)的上市公司均有提供,股東福利已經(jīng)成為影響投資者投資決策的重要因素。在我國(guó),上市公司向股東發(fā)放實(shí)物的行為尚無定論,主要存在股東福利說、實(shí)物股利說以及廣告營(yíng)銷說。目前學(xué)術(shù)界比較認(rèn)可的觀點(diǎn)是股東福利說,認(rèn)為我國(guó)上市公司向股東發(fā)放實(shí)物的行為本質(zhì)上與國(guó)外相一致,所發(fā)放的實(shí)物屬于股東福利,是上市公司向股東發(fā)放的特殊權(quán)益。本文首先對(duì)于股東福利的交易屬性進(jìn)行界定,基于實(shí)質(zhì)重于形式原則,將其確定為上市公司與股東之間進(jìn)行的非現(xiàn)金形式的權(quán)益性交易,并且將同為權(quán)益性交易的實(shí)物股利和股東福利進(jìn)行辨析。在此基礎(chǔ)上,本文通過對(duì)我國(guó)上市公司向股東進(jìn)行股東福利發(fā)放行為的描述性統(tǒng)計(jì)以及案例分析,指出目前我國(guó)上市公司將其確定為損益性交易的會(huì)計(jì)處理存在偏差,對(duì)財(cái)務(wù)報(bào)表數(shù)據(jù)及財(cái)務(wù)指標(biāo)造成一定的影響。通過對(duì)案例的分析與總結(jié),本文從股東福利的交易性質(zhì)和財(cái)務(wù)影響兩個(gè)方面得出研究結(jié)論,并對(duì)于規(guī)范我國(guó)上市公司發(fā)放股東福利提出對(duì)策建議。我國(guó)資本市場(chǎng)中股東福利行為出現(xiàn)的時(shí)間較短,理論界對(duì)于股東福利的規(guī)范性研究并不多見,實(shí)證及案例研究更是少之又少。本文從上市公司發(fā)放股東福利的案例出發(fā),對(duì)這一新興的經(jīng)濟(jì)行為展開研究,對(duì)股東福利的交易性質(zhì)和財(cái)務(wù)影響進(jìn)行分析,豐富了股東福利的理論與實(shí)踐,對(duì)我國(guó)上市公司股東回饋方式提供了借鑒和參考。
[Abstract]:With the development of capital market, listed companies pay more and more attention to shareholder feedback.In recent years, listed companies to the shareholders of the issue of physical behavior quietly rising.According to statistics, at present, 16 listed companies have issued a total of 23 times to their shareholders, and the contents and forms of the distribution are different.After the emergence of new economic business, it is necessary to analyze it systematically.Shareholder benefits are special rights and interests issued by shareholding companies against shareholders in the form of non-cash, the form of which mostly depends on the nature of the company.The phenomenon of shareholder welfare is common in foreign countries. Listed companies in Japan, the United States, the United Kingdom, Australia, Canada and other countries provide shareholder welfare, which has become an important factor affecting investors' investment decisions.In our country, there is no conclusion on the behavior of the listed company to distribute to the shareholders. There are mainly the shareholder welfare theory, the real dividend theory and the advertising marketing theory.At present, the view of the academic circles is that the shareholder welfare theory, which holds that the behavior of the listed company to distribute the material object to the shareholder is essentially consistent with that of the foreign country, and the material object issued belongs to the shareholder welfare and is the special rights and interests issued to the shareholder by the listed company.Based on the principle that substance is more important than form, this paper defines the transaction attribute of shareholder welfare as a non-cash equity transaction between listed company and shareholders.And will be the equity transaction of the real dividend and shareholder welfare discrimination.On this basis, through the descriptive statistics and case analysis of the behavior of issuing benefits to the shareholders of listed companies in China, this paper points out that there is a deviation in accounting treatment in which the listed companies in our country define them as profit and loss transactions at present.To the financial statement data and financial indicators have a certain impact.Through the analysis and summary of the cases, this paper draws a conclusion from two aspects of the transaction nature and financial impact of shareholders' welfare, and puts forward some countermeasures and suggestions for standardizing the distribution of shareholder welfare by listed companies in China.In the capital market of our country, the behavior of shareholder welfare appears for a short time, the normative research on shareholder welfare is rare in the theoretical circle, and the empirical and case studies are even less.Based on the case of shareholder welfare issued by listed companies, this paper studies the emerging economic behavior, analyzes the transaction nature and financial impact of shareholder welfare, and enriches the theory and practice of shareholder welfare.It provides reference and reference for shareholders feedback of listed companies in China.
【學(xué)位授予單位】：浙江工商大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F832.51

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 胡明霞;;上市公司歧視性類股利行為:成因及治理[J];西南政法大學(xué)學(xué)報(bào);2015年06期

2 胡明霞;;控制權(quán)配置與歧視性類股利政策——基于南方食品案例分析[J];稅務(wù)與經(jīng)濟(jì);2015年02期

3 宋婷;文博;;對(duì)公司采用實(shí)物分紅政策的模型分析[J];財(cái)經(jīng)界(學(xué)術(shù)版);2014年12期

4 鄭蓉;胡俊磊;干勝道;;分紅創(chuàng)新、營(yíng)銷創(chuàng)新還是分紅規(guī)避——基于2013年A股公司“實(shí)物分紅”的案例研究[J];財(cái)會(huì)月刊;2014年08期

5 林波;吳一平;吳益兵;;實(shí)物分紅概念甄別、屬性和動(dòng)機(jī)——以南方食品等為例[J];財(cái)務(wù)與會(huì)計(jì)(理財(cái)版);2014年01期

6 王晶;李竹欣;胡先杰;;“實(shí)物分紅”對(duì)上市公司股價(jià)的影響[J];當(dāng)代經(jīng)濟(jì);2013年24期

7 高杉;;淺析實(shí)物股利分配政策[J];會(huì)計(jì)師;2013年19期

8 畢芳;孫紅梅;;淺析實(shí)物分紅會(huì)計(jì)處理方法的選擇[J];財(cái)會(huì)研究;2013年09期

9 黃慶平;;南方食品發(fā)放“財(cái)產(chǎn)股利”實(shí)為營(yíng)銷策略[J];財(cái)會(huì)月刊;2013年16期

10 焉昕雯;;上市公司“實(shí)物分紅”相關(guān)問題探討[J];財(cái)會(huì)月刊;2013年15期

相關(guān)重要報(bào)紙文章 前1條

1 吳益兵;;實(shí)物發(fā)放≠實(shí)物股利[N];中國(guó)社會(huì)科學(xué)報(bào);2013年

，

本文編號(hào)：1725883