本文選題：股利監(jiān)管政策 + 現(xiàn)金股利　； 參考：《商業(yè)研究》2017年03期

【摘要】：本文以2006年上市公司證券發(fā)行管理辦法出臺(tái)后市場反應(yīng)的觀察為切入點(diǎn),采用單變量分析和雙重差分法檢驗(yàn)股利監(jiān)管政策對(duì)我國上市公司股利政策的影響。研究結(jié)果表明,2006年之后總的現(xiàn)金股利支付水平并沒有提高,政策效應(yīng)不顯著;采用DID模型對(duì)有股權(quán)再融資的上市公司進(jìn)一步探究,發(fā)現(xiàn)其每股股利有降低的趨勢,該政策并沒有對(duì)上市公司發(fā)放現(xiàn)金股利產(chǎn)生明顯激勵(lì)效應(yīng),未產(chǎn)生政策的預(yù)期效果。
[Abstract]:Based on the observation of market reaction after the issuance of the listed companies' securities issuance management measures in 2006, this paper uses univariate analysis and double difference method to test the effect of dividend supervision policy on the dividend policy of listed companies in China.The results show that the total cash dividend payment level does not increase after 2006, and the policy effect is not significant. The DID model is used to further explore the listed companies with equity refinancing, and it is found that the dividend per share has a downward trend.This policy does not have the obvious incentive effect to the listed company to issue the cash dividend, has not produced the anticipated effect of the policy.
【作者單位】： 湖北大學(xué)商學(xué)院;中南財(cái)經(jīng)政法大學(xué)會(huì)計(jì)學(xué)院;深圳證R到灰姿，

本文編號(hào)：1737051