摘要：股利分配政策是分配上市公司的税后净利润，不仅对上市公司的长远发展有着显著影响，而且作为上市公司利益关系的核心，对公司股东的利益也有着直接的影响，现如今越来越成为人们关注的对象。因为股利分配政策涵盖的利益范围广泛，上市公司本身、资本市场和股东都有可能受到波及。股利分配政策的稳定和可持续发展，可以帮助上市公司的股东实现财富最大化的目标，对自身的健康发展也起到积极的促进作用。本文主要介绍了股利分配政策的研究目的和意义、包括简单综述国内外关于这一课题的研究理论现状，并且根据我国近年来上市公司对外公布的财务报告数据进行总结，剖析股利分配中存在的问题。通过具体的案例即分析贵州茅台近年股利分配政策反思其中存在的问题和值得学习借鉴的地方，最后对我国股利分配现状中存在的问题提出解决方法和建议。本文研究的目的是为上市公司正确实施股利分配政策提供决策依据，完善上市公司的股利分配行为。81275

毕业论文关键词：上市公司；股利分配；存在问题；对策

Listed Company's Dividend Distribution Policy Research

Abstract：Dividend distribution policy is the distribution of listed companies’ net after-tax profits, not only the long-term development of listed companies have a significant impact, but also related to investors and the current income and other stakeholders, is now more and more attention。 Dividend distribution policy covers a wide range of interests, including the listed companies themselves, capital markets and investors have a significant impact。 Dividend distribution policy stability and sustainable development, can help shareholders to maximize the wealth of listed companies, their own healthy development has a positive role in promoting。 This paper mainly introduces the research purpose and significance of pidend policy, including comparing the present situation of pidend distribution at home and abroad。 According to the pidend distribution of listed companies in China in recent years, this paper analyzes the specific cases of pidend distribution policy of GuizhouMaotai in recent years Reflect on the problems that exist and the places worth learning from。 Finally, the author puts forward some suggestions on the pidend policy of our country。 Based on the field research and summarizing the practical experience, this paper aims to provide the decision basis for the listed companies to implement the pidend policy, and perfect the pidend distribution behavior of listed companies。

Key words：listed company；pidend distribution；exist issues；countermeasures

目  录

绪论 1

一、股利分配政策相关概念简述 3

（一）股利及股利分配 3

（二）股利分配政策 3

（三）国内股利分配的方式 4

二、上市公司股利分配现状 5

（一）股利支付率较低，不分配现象有所缓和 5

（二）股利分配方式复杂 6

（三）股利分配缺乏连续性 7

（四）不合理的超能力分配股利现象存在 7

三、股利分配存在问题的影响因素分析 8

（一）上市公司本身原因 8

1、上市公司社会责任意识淡薄 8

2、上市公司无视监管部门相关指导措施