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西方企业的股利政策 被引量:5

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摘要 西方企业的股利政策毛付根股份公司的股利政策不仅影响到股东的利益,而且也影响股份制企业的发展和生存。因此,企业财务人员了解和掌握影响企业股利政策形成的各种因素就显得十分重要。本文拟就西方股份公司的股利政策作一介络。一、剩余股利政策剩余股利政策主张,公司...
作者 毛付根
出处 《外国经济与管理》 CSSCI 北大核心 1995年第1期43-44,共2页 Foreign Economics & Management
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  • 1石永领.上市公司股利分配政策与其收益的实证分析[J].广东财经职业学院学报,2006,5(1):24-27. 被引量:3
  • 2Miller, M. H. and Modigliani F., "Dividend Policy, Growth, and the Valuation of Shares", The Journal of Business, No. 4, October 1961.
  • 3Kalay, Avner and Roni Michaely, "Dividends and Taxes: A Re- examination", Financial Management, Summer 2000.
  • 4La Porta, R., Lopez - de - silanes, F., Sheifer, A. and Vishny, R. W., "Agency Problem and Dividend Polocies Around the World", Journal of Finance, 55, 2000.
  • 5Black and Scholes, M. S., "The Effects of dividend Yield and Dividend Policy on Common Stock Prices and Returns", Journal of Financial Economics, 1 (1), May 1974.
  • 6Lintner, J., "The Distrbution of Income Corporations among Dividends, Retained Earning and Taxes", American Economic Review, 46, May 1956.
  • 7Bhattacharya, S., "Imperfect Information, Dividend Policy, and‘the Bird in the Hand' Fallacy", Bell Journal of Economics, Spring 1979.
  • 8John, K, and Williams, J., "Dividends, Dilution, and Taxes: A Signaling Equilibrium", Journal of Finance, VOl, XI, No. 4, Septemper1985.
  • 9John, K. and Larry H. P. lang, "Insider Trading around Dividend Announcements: theory and Evidence", Journal of Finance, VOl, XI, No. 4, Septemper 1985.
  • 10Baker, H. K. and Powell, G. E., "How Corporate Managers View Dividend Policy?", Quarterly Journal of Business and Economics, Spring, 1999.

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