當前位置:首頁 » 持倉收益 » 上市公司股份文獻
擴展閱讀
股票投資經濟學 2021-06-17 16:24:20

上市公司股份文獻

發布時間: 2021-06-10 10:27:56

㈠ 我國上市公司的股權激勵 英文文獻請列出一些。。。

Could CEO stock-based incentive compensation enhance firm
earnings? A quantile regression approach

Ming-Yuan Leon Li
and
Shang-En Shine Yu
Department of Accountancy and Graate Institute of Finance and Banking

㈡ 關於上市公司股利政策的書籍和參考文獻,越多越好,越詳越好,謝謝!

這種東西 沒有書籍可以參考

希望能幫助到您 望採納

㈢ 上市公司股利政策的英文文獻 要中英文對照的

影響上市公司股利政策的因素
1、法律法規限制。

我國的法律法規對公司股利政策的影響有如下三種情況:

第一,《公司法》規定。《公司法》第130條規定股份的發行必須同股同權,同股同利。第177條規定了股利分配的順序,即公司分配當年稅後利潤時,應當先提取法定公積金、法定公益金(提取法定公積金和法定公益金之前應當先利用當年利潤彌補虧損),然後才可按股東持有的股份比例分配。第179條規定股份有限公司經股東大會決議將法定公積金轉為資本時,所留存的該項公積金不得少於注冊資本的百分之二十五。

第二,《個人所得稅法》的規定。按照《個人所得稅法》和國家稅務總局《關於徵收個人所得稅若干問題的通知》,個人擁有的股權取得的股息、紅利和股票股利應徵收20%的所得稅。

第三,《關於規范上市公司若干問題的通知》的規定。

(1)上市公司確實必須進行中期分紅派息的,其分配方案必須在中期財務報告經過具有從事證券業務資格的會計師事務所審計後制定;公布中期分配方案的日期不得先於上市公司中期報告的公布日期;中期分配方案經股東大會批准後,公司董事會應當在股東大會召開兩個月內完成股利(或股份)的派發事項。

(2)制定公平的分配方案,不得向一部分股東派發現金股利,而向其他股東派發股票股利;

(3)上市公司制定配股方案同時制定分紅方案的,不得以配股作為分紅的先決條件。

(4)上市公司的送股方案必須將以利潤送紅股和以公積金轉為股本明確區分,並在股東大會上分別作出決議,分項披露,不得將二者均表述為送紅股。

2、國家宏觀經濟環境。

一國經濟的發展具有周期性。當一國經濟處在不同的發展周期時,對該國企業股利政策的制定也有不同的影響。相應地,我國上市公司在制定股利政策時同樣受到宏觀經濟環境的影響。當前,在形式上表現為由前幾年的大比例送配股,到近年來現金股利的逐年增加。

3、通貨膨脹。

當發生通貨膨脹時,折舊儲備的資金往往不能滿足重置資產的需要。公司為了維持其原有生產能力,需要從留存利潤中予以補足,這時管理當局可能調整其股利政策,導致股利支付水平下降。

4、企業的融資環境。當客觀上存在一個較為寬松的融資環境時,企業可以發放債務融資性的股利和權益融資性的股利,亦即公司借新債或發新股來為股利融資。一般說來,企業規模越大,實力越雄厚,其在資本市場融資的能力就越強,財務靈活性也越大,當然其支付股利的能力也就越強。對於許多小公司或新成立的公司而言,難以採取融資性的股利政策。

5、市場的成熟程度。

衡量市場的成熟程度,通常可劃分為三種形式:弱式有效市場、半強式有效市場和強式有效市場。市場越有效,其成熟度也就越高。實證研究結果顯示,在比較成熟的資本市場(半強式有效市場)中,現金股利是最重要的一種股利形式,股票股利則呈下降趨勢。我國因尚系新興的資本市場,和成熟的市場相比,在中國,股票股利仍屬一種重要的股利形式。

6、企業所在的行業。

股利政策具有明顯的行業特徵。一般說來,成熟產業的股利支付率高於新興產業,公用事業公司的股利支付率高於其他行業公司。經驗證據表明,行業的平均股利支付率同該行業的投資機會呈負相關關系。

7、企業資產的流動性。

所謂資產的流動性是指企業資產轉化為現金的難易程度。企業的現金流量與資產整體流動性越好,其支付現金股利的能力就強。而成長中的、盈利性較好的企業,如其大部分資金投在固定資產和永久性營運資金上,則他們通常不願意支付現金股利而危及企業的安全。

8、企業的生命周期。

通常把企業的生命周期劃分為成長階段、發展階段和成熟階段。在不同的階段,企業的股利政策會受到不同的影響。在成長階段,企業亟需資金投入,一般來講,股利支付率相對較低;在發展階段,公司開始能以較大的股利支付比率把收益轉移給股東;至成熟階段,由於投入產出相對穩定,股利支付率和股票收益率都將幾乎保持不變。

9、企業的投資機會。

股利政策在很大程度上受投資機會所左右。如果公司有較多的有利可圖的投資機會,往往採用低股利、高留存利潤的政策;反之,如果投資機會較少,就可能採用高股利政策。當然,在採用低股利政策時,公司管理層必須向股東充分披露以留存利潤投資於盈利高的項目,以取得股東的信任和支持。

------
1, limit laws and regulations.

China's laws and regulations of the company's dividend policy has the following three conditions:

First, the "Company Law" requirements. "Company Law" Article 130 provides that the issuance of shares to be shares with the same rights, with the shares with Lee. The provisions of section 177 of the order of the dividend distribution, that is, when the distribution of after-tax profit of the company should first extract the statutory fund, statutory public welfare fund (statutory provident fund and statutory extract before the first use of the Community Chest of the year to make up for loss of profits), and then only by shareholders holding Some pro-rata allocation of shares. Co., Ltd. article 179 of the statutory fund shareholders' general meeting resolution to capital, retained by the fund shall not be less than 25 percent of the registered capital.

Second, the "Personal Income Tax Act". In accordance with the "Personal Income Tax Law" and the State Administration of Taxation, "on a number of issues of personal income tax levy," which indivials have access to the equity dividend, dividends and stock dividends to 20% of the income tax levy.

Third, the "norms of listed companies on notice a number of issues" requirement.

(1) a listed company must conct an interim dividend does pay a dividend, the distribution must be in the interim financial report has been qualified to engage in securities business, drawn up after the accounting firm audit; announced the allocation of medium-term programs may not be before the date of the interim report of listed companies publication date; the medium-term shareholders' general meeting approved the allocation of the program, the Company's Board of Directors held a general meeting of shareholders should be completed within two months of the dividend (or shares) of the distribution of matter.

(2) the development of equitable distribution of the program may not be distributed to shareholders as part of cash dividends, and other shareholders to distribute stock dividends;

(3) placement of shares of listed companies to develop programs to develop bonus programs at the same time, a placement of shares as a dividend shall not be a prerequisite.

(4) of listed companies will be profit bonus program must give Bonus shares and a clear distinction between provident fund to equity and the shareholders of the General Assembly resolution, respectively, the disclosure of sub-items may not be expressed as give Bonus shares both.

2, the national macro-economic environment.

The development of a country's economy has a cyclical character. When a country's economy at different development cycle, the country's corporate dividend policies have different effects. Correspondingly, China's listed companies in the formulation of dividend policy by the same macro-economic environment. At present, the performance of the grounds in the form of a few years ago to send a large proportion of the allotment, cash dividends in recent years has increased year by year.

3, inflation.

When inflation, the depreciation reserve funds are often unable to meet the needs of asset replacement. Companies in order to maintain its original capacity, need to be filled in retained earnings, when management may adjust its dividend policy, leading to rection in the level of dividend payments.

4, the financing environment for enterprises. When there is an objective of the financing for a more flexible environment, corporate debt financing can be paid the dividend and rights of the financing of the dividend, which is the company through new debt or new shares to finance the dividend. In general, larger enterprises, the more abundant strength, its ability to finance the capital market will be strong, and greater financial flexibility, of course, their ability to pay dividends stronger. For many smaller companies or new companies formed, it is difficult to take the financing of the dividend policy.

5, the maturity of the market.

Maturity of the market, usually can be divided into three forms: weak-form efficient market, semi-strong efficient markets and effective market strong. Market more effective, the higher its maturity. Empirical studies have shown that in more mature capital market (semi-strong efficient market), the cash dividend is the most important form of a dividend, stock dividends decreased. Department of China is still emerging from the capital markets, and mature markets, in China, the stock dividend is still an important form of dividends.

6, where the instry enterprises.

Dividend policy has obvious characteristics of the instry. In general, a mature instry, the rate of dividend payout is higher than in emerging instries, public utility companies to pay dividends is higher than companies in other instries. Empirical evidence shows that the instry average dividend payout rate of investment opportunities in the instry was a negative correlation between.

7, the mobility of corporate assets.

The so-called liquid assets means assets into cash difficulties. Corporate cash flow and assets, the better the overall liquidity, its ability to pay cash dividends on strong. And growing, profitable enterprises better, as most of the money invested in fixed assets and working capital on a permanent, they are usually not willing to pay cash dividends and jeopardize the enterprise security.

8, the life cycle of enterprises.

Usually the business life cycle is divided into the growth stage, development stage and mature stage. At various stages, corporate dividend policy will be subject to different effects. In the growth stage, enterprises need capital investment, in general, relatively low rate of dividend payment; in the development stage, the company began to pay a larger percentage of the dividend proceeds to the shareholders; to a mature stage, e to the relative input-output stable, dividend payout rates and stock returns will be almost unchanged.

9, business investment opportunities.

Dividend policy to a large extent influenced by the investment opportunities. If the company more profitable investment opportunities, often using low-dividend, high profit retention policies; the contrary, if the investment is less likely to adopt high-dividend policy. Of course, in the use of low-dividend policy, the company's management must be fully disclosed to shareholders in order to retain profits to invest in high-profit projects, in order to obtain the trust and support of shareholders.

㈣ 跪求關於上市公司股權激勵的外文文獻

兩篇直接下載,自己選擇吧。
Managerial ownership, incentive contracting, and the use of zero-cost collars and equity swaps by corporate insiders
]JC Bettis, JM Bizjak - Journal of Financial and , 2001
http://www.buec.udel.e/coughenj/Der_BizjakLemmon.pdf

Why do public firms go private in the UK? The impact of private equity investors, incentive realignment and undervaluation
L Renneboog, T Simons - Journal of Corporate Finance, 2007
http://www.ti(刪除)lburgunive(此處)rsity.e/resear(中文)ch/institutes-and-research-groups/tilec/ev(下載)ents/seminars/renneboog.pdf

㈤ 上市公司的股權結構論文2000-3000字

如果太忙沒空寫作需要原創代筆時可以找我 希望可以幫到你,
論文要想寫的特別好,拿到高分,最重要的是要把認真兩字要記牢,認真收集資料,列好大綱,根據學

校格式寫,關於法學專業案例論文是我們特長,服務特點:支持支付寶交易,保證你的資金安全。3種服

務方式,文章多重審核,保證文章質量。附送抄襲檢測報告,讓你用得放心。修改不限次數,再刁難的

老師也能過。
1、論文題目:要求准確、簡練、醒目、新穎。
2、目錄:目錄是論文中主要段落的簡表。(短篇論文不必列目錄)
3、提要:是文章主要內容的摘錄,要求短、精、完整。字數少可幾十字,多不超過三百字為宜。
4、關鍵詞或主題詞:關鍵詞是從論文的題名、提要和正文中選取出來的,是對表述論文的中心內容
有實質意義的詞彙。關鍵詞是用作機系統標引論文內容特徵的詞語,便於信息系統匯集,以供讀者檢索
。 每篇論文一般選取3-8個詞彙作為關鍵詞,另起一行,排在「提要」的左下方。 主題詞是經過規范

化的詞,在確定主題詞時,要對論文進行主題,依照標引和組配規則轉換成主題詞
表中的規范詞語。
5、論文正文:
(1)引言:引言又稱前言、序言和導言,用在論文的開頭。 引言一般要概括地寫出作者意圖,說明
選題的目的和意義, 並指出論文寫作的范圍。引言要短小精悍、緊扣主題。 〈2)論文正文:正文是論

文的主體,正文應包括論點、論據、 論證過程和結論。主體部分包括以下
內容:
a.提出-論點;
b.分析問題-論據和論證;
c.解決問題-論證與步驟;
d.結論。
6、一篇論文的參考文獻是將論文在和寫作中可參考或引證的主要文獻資料,列於論文的末尾。參考
文獻應另起一頁,標注方式按《GB7714-87文後參考文獻著錄規則》進行。
中文:標題--作者--出版物信息(版地、版者、版期):作者--標題--出版物信息
所列參考文獻的要求是:
(1)所列參考文獻應是正式出版物,以便讀者考證。

T ---a-- o,b--a---o兩鑽信譽,誠-----信----保-----過,需要----看--用---戶---名詳談

㈥ 上市公司財務文獻相關文獻 有哪些 跪求網址什麼都可以

有很多的

㈦ 求「上市公司股票價格波動與業績績效之間的相關性分析」的文獻綜述!!!

求「上市公司股票價格波動與業績績效之間的相關性分...,發行股票的公司被視為上市公司,因為一般人口有機會投資這些業務。相比之下,私營公司不會發行公共交易所可用的股票,這是一個可以進行證券交易和其他金融工具交易的受監管市場。對我溫柔的樣子也記得。那都是愛的所愛,

㈧ 關於中小企業板上市公司股權激勵的外文文獻

我處禁止上傳文件,相關PDF外文文獻有,翻譯沒有,翻譯得靠你自己,希望能滿足你的需要,能幫到你,多多給點懸賞分吧,急用的話請多選賞點分吧,這樣更多的知友才會及時幫到你,我找到也是很花時間的,如果需要請直接網路 私信 或者 Hi 中留言貼出你在 網路知道的問題鏈接地址 及 郵箱地址

相關外文文獻已發送,翻譯沒有,翻譯得靠你自己了,希望能滿足你的需要,能幫到你,多多給點懸賞分吧,急用的話請多選賞點分吧,這樣更多的知友才會及時幫到你,我找到也是很花時間的

㈨ 求上市公司股利分配政策問題的研究的參考文獻

[1]李婧.我國上市公司股利政策研究[D].西南大學,2012.
[2]Fischer Black. The Dividend Puzzle [M]. Journal of Portfolio Management, 1976.
[3]魏剛.中國上市公司股利分配的實證研究[J].經濟研究,1998(6).
[4]孫超.我國上市公司股利政策影響因素研究[D].山東財經大學,2013.
[5]潘玉軍.我國上市公司股利政策研究——基於利益主體博弈視角[D].山東財經大學,2012.
[6]呂長江,王克敏.上市公司股利政策的實證分析[J].經濟研究,1999(12).
[7]陳小悅.我國上市公司首次鼓勵信號傳遞效應的實證研究[J].經濟研究,1998.
[8]劉星,李豫湘,楊秀苔.影響我國股份公司鼓股利策的影響因素[J].管理工程學報,1997(3).
[9]王信.從代理理論看上市公司的派現行為[J].金融研究,2002(9).
[10]趙春光,張雪麗,葉龍.股利政策:選擇動因-來自我國證券市場的實證證據[J].財經研究,2001(2).
[11]劉淑蓮,胡燕鴻.中國上市公司現金分紅實證研究[J].會計研究,2003(4).
[12]伍麗娜,高強,彭燕.中國上市公司「異常高派現」影響因素研究[J].經濟科學,2003(1).