浅谈中外上市公司股利分配政策的一点分析与启示.docx

浅谈中外上市公司股利分配政策的一点分析与启示摘 要中国自改革开放以来各行各业迎来了一个百废待兴的新时期，在改革开放的前20年甚至前30年中，我国企业的发展依旧是处在一个粗放式的发展中，许多管理模式存在严重的滞后，不少企业甚至在利润分配上仍沿袭按劳分配或单纯按劳动时间进行分配的分配方式，这种分配方式从经济驱动的角度上是严重挫伤公司劳动积极性和创新性的，因此，要提高企业生产效率与创新性，必须根据公司的发展调整生产、分配、交换、消费四个基本环节的合理性。而改变单一的分配方式的重要一步就是将公司股份化进行分配，通过充分利用社会闲置资源进行合理配置，这种股权利润分配在本质上就是引进了各种分配方式并存的局面。本文将从中外股利分配政策的差异入手，通过比较中外股利分配政策的差异，分析出不同的股利分配政策对于我国企业的发展有何借鉴之处。关键词：股利政策 股利分配 内部融资 股票回购 分配方式 生产效率 风险管理 股权结构A Brief Analysis And Enlightenment Of Dividend DistributionPolicy of Chinese And Foreign Listed CompaniesABSTRACTChina from all walks of life since the reform and opening-up ushered in a new era of 20 years ago in a thousand things wait to be done, even before the reform and opening up 30 years, the development of enterprises in our country is still in the development of an extensive, many management mode has a serious lag, many companies even in the profits still follow the distribution according to work or simply by labor time allocation, this allocation from the economic point of view is to drive the company seriously dampen labor enthusiasm and innovation, therefore, to improve production efficiency and innovation must be based on the adjustment of the companys development, production, distribution, exchange, consumption of the rationality of four basic linksChange. An important step is the single allocation of the stock company will allocate reasonable allocation by making full use of social idle resources, the equity of profit distribution in essence is the introduction of a variety of modes of distribution coexist situation. The difference of distribution of dividend policy from abroad, by comparing the differences between Chinese and foreign dividend policy analysis of dividend policy, what are the different lessons for the development of our enterprises.Key words dividend policy, dividend distribution, internal financing, stock repurchase, distribution method, production efficiency, risk management, ownership structure目 录1.股利概述与分配种类11.1股利政策概述11.2股利政策的主要类型2