目 录
上市公司投资决策与股利政策关系
内 容 摘 要
自从1990年上海证券交易所成立以来，我国证券市场运行至今已超过二十年的时间，上市公司也在不断发展壮大，截止2011年底已经有超过2300家上市公司，无论是从资本规模、行业发展，还是从公司治理结构、经营管理模式等方面看都有了长足的进步，在中国经济高速发展的过程中起着重要的作用。财务管理在这之中也扮演了重要的角色。
投资决策和股利政策都是企业财务管理核心内容之一，所以投资决策和股利政策对一个企业的重要性不言而喻，而且两者之间也存在着某种程度的联系。本文选择上市公司的投资决策与股利政策作为研究对象，旨在探求两者之间的关系，分析两者之间相互影响的作用机理，从而对上市公司的财务决策提供一定意义的参考价值。本文研究涉及到了上市公司财务管理的两大核心问题：投资决策与股利政策。这也一直是国内外学者研究的热点，本文主要采用了投资和股利的相关理论，研究了上市公司投资决策与股利政策的相互关系和作用机理。
关键词：投资决策 股利政策 影响因素 影响路径
The relationship between investment decision and dividend policy of public company
ABSTRACT
Since Shanghai stock exchange established in 1990s, our country securities market operation has been more than 20 years, the listed company also in the constant development and expansion, by the end of 2011 there were more than 2300 companies, either from the capital scale, the development of the industry, or from the corporate governance structure, management and operation pattern, see all had great progress, in China the process of rapid economic development plays an important role. Financial management within the also play an important role.
Investment decision and dividend policy is one of the core contents of enterprise financial management, so the decision and dividend policy to an enterprise’s important role, and also exist between a certain degree of contact. This article chooses the listed company investment decision and dividend policy as the research object attempts to explore the relationship between the two, analyzed the interaction between the mechanisms of action, and thus to the listed companies provide financial decisions have a meaning and reference value. This paper studies involving the financial management of the listed company two core problem: investment decision and dividend policy. It has also been the hot topics in the study of scholars both at home and abroad, this paper mainly adopts investment and dividend related theory, studies the listed company investment decision and the relationship of the dividend policy and mechanism.
Key words：Investment decision; Dividend policy; Affect factors; Affecting path
