Influencing Factor Empirical Analyses On The Dividend Allocation Polocy Of Listed Companies In China

As an important content of finance management, dividend allocation policy is not only the allocation of the company' income, but also have relationship with the investment and the financing, even the price of the stock. Establishing a right and stably dividend allocation policy will have an important significance. In our faultiness capital market, there exists irrationality dividend allocation phenomenon. The research on the influencing factor of the dividend policy will have an important and urgent practical significance.Through the analysis of statistical data from 1992 to 2004, summed up China's listed companies are not widespread allocation phenomenons. The allocation of dividends is also a lack of continuity and stability of policy. There exists arbitrariness, and other characteristics of the dividend allocation policy. Using empirical analyses focus on the influencing factor of China's listed companies dividends allocation policy , found profitability, profit rates, the main operating income growth, the proportion of state-owned shares, debt-to-asset ratio and other factors are affecting the allocation of dividends of...