本科论文摘 要 股利政策属于上市公司的核心理财政策,也是困扰其日常运营的一项财务难题。基于上市公司的发展现状分析,开展有关股利政策的研究十分必要,因此,也成为了投资管理所关注的重心。伴随派现金额的增加,上市公司税后利润应该怎么处理?转作留存收益?或者是以现金股利的形式回馈给投资方?是否在今后的发展过程中沿用高派现股利政策?等种种问题的解决,使得我国上市公司股利政策如何选择的问题成为了近年来财务领域长久以来研究的重点和难点,我国上市公司高派现的现象也相继引起了社会媒介等各方面关注的焦点。因此,本文拟通过对方特大纲的高派现股利政策进行研究,分析该公司股权结构变动情况、年营业额的收入变动水准等因素对高派现股利政策实施过程以及其导致的结果所产生的影响并给出相关意见,旨在给相关企业股利政策的规划和执行提供有利参考。文章首先综合性地阐述了国内外现有的有关股利政策的研究成果;其次,基于理论性分析,着手于内外部因素围绕高派现股利政策展开了一系列的研究;然后,运用案例分析法,以方特大纲为具体的研究对象,针对其高派现股利政策的具体执行情况做了深入剖析;最后回顾整个研究过程,系统性地总结了相关研究结论,同时以此为基础制定了一系列的可行性建议。关键词:高派现;股利政策;上市公司本科论文ABSTRACTDividend policy is a core financial policy of listed companies and a financial problem that plagues their daily operations. Based on the analysis of the development status of listed companies, it is necessary to carry out research on dividend policy, so it has become the focus of investment management. With the increase in the amount of cash distributed, how should the after-tax profits of listed companies be handled? Convert to retained earnings? Or to give back to investors in the form of cash dividends? Will the high dividend payout policy be used in the future development process? The resolution of various issues has made the question of how to choose the dividend policy of China's listed companies become the focus and difficulty of long-term research in the financial ...