The Empirical Study of the Various Factors’ Correlation with Dividend Policy of Listed Companies in Our Country

摘要

From the perspective of the form of dividends,this article uses the empirical data from 2002 to 2011 of Shanghai and Shenzhen a-share listed companies to construct two samples,one of them is stock dividend companies,the other is cash dividend companies.Based on the theory of multiple factors,this study chooses 27 financial indicators and uses regression analysis,variance analysis,independent sample t-test combining the statistical inference methods to find out that: how to make the dividend policy; choose different dividend policy of company whether there is a significant difference between the companies of different dividend policies; the companies with better management benefit and financial leverage tend to choose which one of dividend policies.