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论文编号：	6549
作者编号：	2120122596
上传时间：	2014/6/18 13:08:52
中文题目：	银行业上市公司现金股利政策研究——基于股权结构的视角
英文题目：	Research on the cash dividend policy of listed backing company ——based on the perspective of ownership structure
指导老师：	王曼殊
中文关键字：	银行业上市公司；现金股利；股权结构
英文关键字：	Listed backing company; Cash Dividend; Ownership Structure
中文摘要：	股利政策是上市公司财务战略的重要组成部分，对上市公司起着十分重要的作用。股利政策显示了上市公司将多少利润分配给股东，多少利润留在了企业内部以备未来发展。股利政策展示了公司的运营情况和盈利能力，同时反映了该公司未来的发展计划和利润的增长情况。现金股利是指企业将现金支付给股东，股东可以直接收获现金，深受投资者追捧。现金股利支付水平高，企业可以吸引更多的投资者，从而获得更多的资金支持。在中国股市中，银行板块已经成为股票市场的重要板块之一。银行业作为国民经济的重要组成部分，影响着我国经济的发展速度和发展状况。银行业上市公司的股利政策，对自身的发展和国家经济的促进有着重要意义。本文选择股权结构作为解析我国上市公司股利政策的突破口，研究影响银行业上市公司的股利政策的重要因素。我们该从哪些方面改进股利政策，这些问题都有着重要的现实意义。 本文共分五个章节。首先，文章介绍了选择这一题目的背景和意义，同时对研究内容、方法和文章框架进行了阐述。第二章定义了几个重要的概念，对经典理论和相关文献进行了梳理，为接下来的研究奠定了理论基础。第三章分析了我国银行业的基本特点，然后对我国银行业上市公司目前的股利政策现状、股权结构进行了详细的分析。第四章选取了16家银行业上市公司的相关数据，采用了stata软件对数据进行了分析。通过分析结果，我们得出了对银行业上市公司的现金股利政策有影响的相关因素。最后，综合前几章的分析，本文提出了研究结论，并提出了相应的政策建议。 通过现状分析和实证分析，本文得出了如下结论：第一，股权性质影响股利支付倾向；第二，财务特征影响股利支付水平；第三，国家政策、法规影响我国银行业股利分配政策情况。根据以上结论，本文提出了如下建议：第一，优化股权结构；第二，保持持续稳定的股利政策，适当提高支付水平；第三，全面提升银行盈利能力；最后，完善法律环境，提高管理水平。
英文摘要：	Dividend policy is an important part of the listed company’s financial strategy. It is important for the listed company. Dividend policy shows that the number of corporate profits distributed to shareholders and the number of corporate profits remained within the enterprise to prepare for the future development. Dividend policy demonstrates the company’s operating conditions and the profitability and reflects the future development plans and profit growth. Cash dividend policy refers that enterprises pay to shareholders in cash. Shareholders can get cash directly. Cash dividend policy sought by investors. The higher level of cash dividends paid, the more investors will be attracted. Companies can get more financial support. In the Chinese stock market, banking sector has become one of the important sectors of the stock market. As an important component of the national economy, banking affect the growth rate of China’s economy and development. Dividend policy of banking listed company is important for its own development and the national economy. This paper focuses on the relationship between the dividend policy and the ownership structure. This paper researches on the important factors affecting cash dividend policy. How to improve our dividend policy? These issues have important practical significance. This paper is divided into five chapters. First of all, it described the selection of the background and significance of this topic, the research content, research methods and the article framework. The second chapter defined several important concepts, and combed the classical theory and related literature. It laid the theoretical foundation for the next study. The third chapter analyzed the basic characteristics of China’s banking sector, and analyzed the current situation of the banking company’s dividend policy and the ownership structure. The forth chapter selected the relevant data of China’s 16 listed commercial banks, and made a statistical analysis with the STATA software. By analyzing the results, we find the influencing factor of the listed bank’s cash dividend policy. Finally, after analyzing of the preceding chapters, we present research findings, and propose policy recommendations. Through the situation analysis and the empirical analysis, we draw the following conclusions: first of all, ownership property affects the tendency of paying; secondly, financial characteristics influence the level of dividend payment; thirdly, national policies, laws and regulations affect the banking policy of dividend distribution. Based on the above conclusions, the article proposes these recommendations: firstly, optimize the ownership structure; secondly, maintain stable and sustainable dividend policy, and improve the level of payment; thirdly, enhance the profitability of banks, finally improve the legal environment and the management level.
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