An Empirical Study on Dividend Policy Factors of Listed Corporation of Our Country

How to adopt a reasonable dividend policy to make corporation´s value maximize is an important problem needing solving in company´s finance and management. The dividend policy of a company is determined together by all kinds of factors, such as legal limitation, contractual limitation, industry factor, inner management, shareholders´ inclination and tax law etc. There are some concrete indexes: currency capital, profit for shareholder to distribute, amount of capital stock, percentage of tradable shares, earning per share, capital reserve. This text chooses 60 listed corporations in China in 2004 as samples and adopts correlation method and linear regression in empirical study on their dividend policies. The aim is to probe into relations between different policies and research on how these factors influence dividend policies