Effect Of Dividends Of Listed Companies In Liquor Industry On Enterprise Value

Dividends and dividends of listed companies are a common phenomenon in the securities market.Dividend data is an important indicator for investors to judge whether they should invest in this stock.However,in different industries and at different times,how does dividends affect the value of the company? Academics views it differently.This article takes the liquor industry in China's food and beverage sub-industry as an example.Using the detailed data disclosed by the 10 listed companies in the liquor industry in the past 10 years,the EVA valuation method has been used to calculate the corporate value of the 10 listed companies in the past decade to get 100 sets of data.The effects of dividends of listed companies in the liquor industry on their corporate value were studied through a fixed effect model.The results show that:(1)the amount of dividends per share of listed companies in the liquor industry is directly proportional to their corporate value;(2)the stability of dividend payments of listed companies in the liquor industry is directly proportional to their corporate value.At the same time,the fifth chapter of this article takes Guizhou Moutai and Gujing Gongjiu as examples to calculate the EVA values of the two companies in detail and make accurate estimates of their corporate value.The conclusions of this article help to objectively and comprehensively reveal the calculation method of corporate value and the impact of dividends on corporate value,and provide theoretical support for other industries.