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股利政策是指上市公司税后利润向股东支付股利和企业内部留存收益之间的分配选择。对长三角地区374家上市公司2007～2009年3年的财务数据回归分析发现:当年的EPS、市价、净资产收益率、应收账款周转率、流动比率与现金股利呈正相关,上年股利支付率、资产负债率与现金股利呈负相关;市价、每股净资产与股票股利呈正相关,应收账款周转率与股票股利呈负相关。
Dividend policy refers to the distribution of profits between listed companies after-tax profits to shareholders and retained earnings within the company’s choice. The regression analysis of the financial data of 374 listed companies in the Yangtze River Delta from 2007 to 2009 shows that EPS, market value, ROE, accounts receivable turnover, current ratio and cash dividend are positively related to the current year’s dividends Payout ratio and debt-to-asset ratio are negatively correlated with cash dividends. Market capitalization and net assets per share are positively correlated with stock dividends, and the turnover ratio of accounts receivables is negatively correlated with stock dividends.