【摘要】 文章的研究以现代股利政策的代理理论为指导,结合我国现行资本市场的现实特点,提出成长性上市公司派发的现金股利高于非成长性上市公司的假设。在将上市公司划分为成长性和非成长性两类的基础上,采用差异性检验、区间估计和假设检验等方法,分别研究了成长性对每股现金股利和股利支付率的影响,实证结果支持原假设。文章的研究对揭示中国上市公司成长性和现金股利的关系,以及对上市公司治理和股利政策管理具有重要的意义。更多还原

【Abstract】 This study holds the view that the listed company in the growth phase pays more dividend to the stockholder than the listed company which is not in the growth phase on the basis of modern dividend policy and the reality of China’s capital market.With the methods of circumscription estimate and hypothesis test,the thesis investigates the effect on cash dividend per stock and dividend-paid rate brought by the listed company in the growth phase.The demonstrations prove that the hypothesis is correct.更多还原