Dividend Policy Of Listed Companies In China

Dividend policy of listed company is a key part in maximizing company value, and it is also an important way for investor to obtain investment repayment. At present, the determinants of dividend policy of listed company is still uncertain, The irregular dividend policy has not merely damaged the interests of medium and small investors, twisted the investment theory of the market, but also caused the distorted stock market price, which gave negative effect to the market operation.Through set up dividend policy of listed company determinative factor model and analyze kinds of impacts on market of representative dividend policy, We can find the existing problem in the domestic dividend policy of listed company, offer the theoretical foundation to supervisor, help listed company make development strategy in the future, help investors know the opportunity and risk that dividend policy brings. This paper studied the prevalent dividend policy theory in the world, on the basis of international experience and China's practice, tentatively designed the dividend policy of listed company determinative factor model in our country, and made an appraise to the model, put forward some suggestions of policies.