重庆理工大学学报2026，Vol.40Issue(8)：102-112,11.DOI:10.3969/j.issn.1674-8425(s).2026.04.009
国有资本经营预算对企业现金股利的影响研究
Research on the impact of state-owned capital operation budget on corporate cash dividends
摘要
Abstract
The Report to the 20th National Congress of the Communist Party of China proposed to"improve the modern budget system".As an important part of China's government budget,the state-owned capital operation budget has great significance for improving the state-owned capital operation budget system and the state-owned capital supervision system through its linkage mechanism with the micro-level financial decisions of state-owned enterprises.Taking A-share listed local state-owned enterprises and non-state-owned enterprises from 2011 to 2021 as research samples,this paper explores the impact of the implementation of the state-owned capital operation budget system on the cash dividend policy of state-owned enterprises.The research results show that the implementation and deepening of the state-owned capital operation budget significantly raise the cash dividend level of state-owned enterprises.Heterogeneity analysis indicates that the promotional effect of system implementation on cash dividend level is more prominent in state-owned enterprises located in regions with higher economic development level and with lower growth potential.关键词
现金股利/国有资本经营预算/国有企业/地区发展Key words
cash dividend/state-owned capital operation budget/state-owned enterprise/regional devel-opment分类
管理科学引用本文复制引用
安灵,吴雪..国有资本经营预算对企业现金股利的影响研究[J].重庆理工大学学报,2026,40(8):102-112,11.基金项目
国家社会科学基金项目"松弛治理视角下国有资本经营预算微观衔接机制优化研究"(19XGL006) （19XGL006）
重庆市社会科学规划项目"松弛治理视角下地方国有资本经营预算优化研究"(2017QNGL54) （2017QNGL54）
重庆理工大学研究生创新项目(gzlcx20223419) （gzlcx20223419）
