市场化进程、所有权异质性与上市公司现金股利政策研究综述

摘要

Firstly, this paper uses the dividend signal theory and dividend agency theory to explain the dividend policy, and clears up domestic and foreign literature researches about the respective influence on cash dividend behaviors from exterior marketing environments and internal property characteristics. This papar also analyzes the infulence on cash dividend policy of listed companies from the external market environment and the nature of property rights and concludes the existing research and and its weakness.%本文首先运用股利信号理论和股利代理理论对股利政策进行解释；梳理外部市场环境和内部产权特征分别对现金股利行为影响的国内外文献研究；分析了外部市场环境与产权性质对上市公司现金股利政策的影响；总结了现有研究的相关结论及其不足之处。