经济与管理研究Issue(5)：85-92,8.
半强制分红政策实施及修订的影响研究--来自A股民营上市公司的经验证据
Empirical Research on Effects of Semi-compulsory Dividend Regulatory Policy's Implementation and Revision---Evidence from A-share Listed Private Companies
摘要
Abstract
The semi-mandatory dividend policy is a dividend regulatory policy with Chinese characteristics.The controversy of the policy has never stopped since its introduction,but the related research of the policy's implementation and revision is still quite rare.This paper took private listed companies in the A-share market from 2003 to 2011,making an empirical study on the implementation and revision effect of current dividend of regulatory policies.It has been found that significant“half mandatory”effect of the policy has both far-reaching effects of the pros and cons,while increased dividend regulatory standards affect only the wishes of the regulated subject dividends,not substantive on its dividend level.关键词
半强制分红/现金股利/股权再融资Key words
Semi-compulsory Regulatory Dividends/Cash Dividends/Equity Refinancing分类
管理科学引用本文复制引用
郑蓉,干胜道..半强制分红政策实施及修订的影响研究--来自A股民营上市公司的经验证据[J].经济与管理研究,2014,(5):85-92,8.基金项目
国家社会科学基金“上市公司员工收入与资本回报财务公平测度研究”（13BJY015）；四川省教育厅重点项目“上市公司财务松弛度调控与分红监管制度改进的契合研究” （）
