The Causes And Countermeasures Of E Wushangdividend Distribution

With the increasing trend of social modernization market and the growing growth of mixed ownership enterprises,there are more and more problems in the securities market,including the dividend policy of listed companies.To this end,the Commission issued a series of legal documents and regulations to amend the corporate dividend situation.But the measures issued by regulators do not adequately correct the cash dividend strategy that companies are now pursuing.In this context,this paper is prepared to conduct a case study of E Wushang company,through comparative analysis with comparable companies and the whole industry to find out the reasons for the company to distribute dividends and dividends,to regulate the cash dividend system and improve corporate dividends for mixed ownership enterprises The existence of dividends.The article frame:Firstly,the mechanism of cash distribution is studied theoretically.Secondly,this paper uses the case analysis method to analyze the motivations of the dividend distribution of E Wushang in two steps:the first step is to briefly introduce the basic situation of E Wushang and its comparable enterprises,analyze the profitability of E Wushang company by descriptive statistical method,Dividend distribution,and then use the comparative way to explore and summarize the characteristics of the three companies of their respective dividend policy;the second step from the financial point of view and non-financial perspective to explore the implementation of dividend policy E Wushang reasons.Then,it is concluded that the dividend policy,which is implemented by E Wushang,is a high degree of equity caused by the high degree of equity checks and multiple agency costs caused by the competition of enterprises.Contention will not promote the stable development of enterprises and enhance the value of the enterprise.Finally,the reasons for the cost of multiple agents proposed in this paper corresponding to the proposed:1.The implementation of diversification of equity structure,optimize the equity system to reduce the holding and non-controlling shareholder agency costs;2.Improve the management system,reduce the national and SASAC equity agent Cost;3.To strengthen the incentive and supervision of managers to reduce shareholder and manager agency costs;4.Strengthen the supervision of the controlling shareholder to reduce the holding and non-controlling shareholder agency costs;5.Create a fair competitive environment,reduce the state and private shareholders.The innovation of this paper is to use the form of case study for the first time to establish the relationship between the balance of equity,the cost of agency and the distribution of dividends,and provide some reference significance for the enterprise to formulate the dividend distribution policy which is in line with the actual situation of the company.However,because this article is case analysis,case studies have their typicality and particularity,which may lead to the analysis of this article is not deep enough and comprehensive,and the conclusions and recommendations are universal and need further study.