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现代西方股利政策主要理论的发展与评价 被引量:2

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摘要 本文回顾了现代西方股利政策主要理论及其演变历史,并指出每个理论可以解释和未能解释的股利现象,即各自的成功之处和局限性。认为:虽然尚未有理论能够完美的解决股利之迷,但是财务理论、行为理论和心理学理论的综合运用可能是进一步研究的方向。
作者 陈嵘
出处 《内蒙古农业大学学报(社会科学版)》 2006年第1期207-209,共3页 Journal of Inner Mongolia Agricultural University(Social Science Edition)
基金 教育部"跨世纪优秀人才培养计划基金"资助课题
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参考文献7

  • 1[1]Miller,Modigliani.Dividend Policy,Growth and The Valuation of Shares.Journal of Business.1961.10:411-433.
  • 2[2]H.Kent Bakera,Gary E.Powell,E.Theodore Veit.Revisiting the dividend puzzle:Do all of the pieces now fit?.Review of Financial Economics.2002.11:241-261.
  • 3[3]George M.Frankfurter,Bob G.Wood Jr..Dividend policy theories and their empirical tests.International Review of Financial Analysis.2002.11:111-138.
  • 4[4]Khang,Kenneth,Tao-Hsien Dolly King.Is Dividend Policy related to Information Asymmetry:Evidence from Insider Trading Gains.AFA 2003 Washington,DC Meetings.2003.
  • 5[5]Harry DeAngeloa,Linda DeAngeloa,Douglas J.Skinner..Are dividends disappearing? Dividend concentration and the consolidation of earnings.Journal of Financial Economics.2004.72:425-456
  • 6苑德军,陈铁军.国外上市公司股利政策的理论与实践[J].经济学动态,2001(8):64-67. 被引量:19
  • 7[7]李长青.股利政策理论与实证研究[M].北京:中国人民大学出版社,2001.

二级参考文献5

  • 1Allen, Franklin and Roni Michaely, 1995, "Dividend policy",in Jarrow et al. Handbooks in Operations Research and Management Science, Vol. 9, Elsevier Science B. V.
  • 2Bhatracharya, Sudipto, 1998, " Corporate Finance and the Legacy of Miller and Modigliani", Journal of Economic Perspectives, Vol. 2, No.4,135 - 147.
  • 3Esterbrook, Frank, 1984, "Two Agancy Costs Explanations of Dividends", American Economic Review, Vol: 74, No. 4,650 - 659.
  • 4Miller, Merton and Kevin Rock, 1985, "Dividend Policy under Asymmetric Information", Journal of Finance, Vol. 40, No. 4, 1031-1051.
  • 5Rafael La Porta, Ftorencio Lopez- De- Silances, Andrei Shleifer and Robert W. Vishny, 2000, "Agency Problem and Dividend Policies around the World". Journal of Finance. Vol.55.No. 1,1- 32.

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