价值工程
價值工程
개치공정
VALUE ENGINEERING
2014年
1期
12-13,14
,共3页
现金股利%异象%股权分置
現金股利%異象%股權分置
현금고리%이상%고권분치
cash dividend%vision%equity division
以2001-2011年A股上市公司为研究样本，分别对股改前后我国上市公司现金股利分配决策进行了比较研究。结果发现：股改后我国上市公司普遍不分配现象得到缓解，但派现水平仍然偏低；异常派现现象普遍存在，且较为严重；仍然存在普遍“群聚”现象；现金股利支付率有所降低；现金股利的连续性不强；现金股利的行业特征渐趋明显。
以2001-2011年A股上市公司為研究樣本，分彆對股改前後我國上市公司現金股利分配決策進行瞭比較研究。結果髮現：股改後我國上市公司普遍不分配現象得到緩解，但派現水平仍然偏低；異常派現現象普遍存在，且較為嚴重；仍然存在普遍“群聚”現象；現金股利支付率有所降低；現金股利的連續性不彊；現金股利的行業特徵漸趨明顯。
이2001-2011년A고상시공사위연구양본，분별대고개전후아국상시공사현금고리분배결책진행료비교연구。결과발현：고개후아국상시공사보편불분배현상득도완해，단파현수평잉연편저；이상파현현상보편존재，차교위엄중；잉연존재보편“군취”현상；현금고리지부솔유소강저；현금고리적련속성불강；현금고리적행업특정점추명현。
Taking 2001 to 2011 A-share listed companies as research samples, the paper has carried on the comparative study respectively on the cash dividend distribution of listed companies in our country before and after the share reform decision-making. The results showed that: after share reform of listed companies in our country, the generally no distribution phenomenon is ease, but cash dividend level is low; Abnormal cash dividend phenomenon is widespread, and serious. There is still common "cluster" phenomenon. Cash dividend payment rate has decreased. The continuity of cash dividend is not strong. Characteristics of cash dividend is obvious.
