【摘要】 红利分配政策是上市公司研究的重要方面。文章利用A股全部非金融类上市公司财务数据,通过统计分析了1992-2004财务期间A股市场分红状况和特点,并使用统计分析和LOGIT回归两种方法,分析了这些年间A股公司红利政策的影响因素。研究发现,盈利能力、公司规模、股权融资是红利政策的显著影响因素,但投资机会对红利政策影响不显著。更多还原

【Abstract】 Dividend policy is a major concern in the study of listed companies.Using the data of all non-finance A-share listed companies,this paper studies the features of dividend policies of the A-share market during 1992-2004,and analyzes the determinants of dividend policies with statisitical analysis and LOGIT regression methods.We find that,profitability,company size and equity financing are significant determinants of dividend policy,while investment opportunity is not a significant one.更多还原