Research on the Effect of Capital Structure on Cash Dividend Based on Data-Mining Technique

Dividend policy, part of the core issues in corporate finance, has been subject to various aspects of close attention. However, there is no generally accepted reason for the chosen of dividend policy. Considering that western dividend theory is always related with capital structure, we analysis the impact of Chinese corporate capital structure on dividend policy using the data mining technique, and examine the applicability of relevant western dividend theory in China. With data mining technique, we disclosure the relationship between capital structure character portfolio and diverse dividend policy; provide reference for dividend policy chosen and investment optimization in China.