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ID:50223090
大小:5.11 MB
页数:60页
时间:2020-03-05
《私募股权投资与现金股利政策的实证研究——以中小板企业为例.pdf》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、浙江工商大学硕±毕业论文私募股权投资与现金股利政策的实证研巧THERESEARCHONTHEROLEOFPRIVATEEQUITYINTHECASHDIVIDEND:EVIDENCEFROMSMEBOARDABSTRACTPrivateequitywasfirsterminatedinearl1980sinChina.Aftergy*w-2006iththedevelomentofmultilevelcaitalmarketinChinamore,pp,andm
2、oKenterprisesexitedthrough化edomesticcapitalmarketIPO.Chinahasbecomealobalrivateeuitcenters.Withtheraidgpqypm*develoentofrivateeuit1的carchaboutrivateeuithasbecomeppqy:pqyanimortantfieldofacademicr的earch.Howeverfewscholarsdiscussp,whatinfl
3、uencerivateeuithasonsomemaordecisionsofcomaniespqyjpafterlisting.Dividendolicisnotonlanimortantfinancialdecisionpyypoflistedcompanies,butalsoahotissueinthetheoreticalresearch.Theaperaims化studhowrivateeuitafectsthedividendpolicyofpypq
4、ylistedfirms.Basedontheoretical抑alsisandliteraturereviewtheaery,ppselectedcompaniesfromstockmarketsofSMEBoardfrom2009to2013astileresearchobjects,examinedwhetherprivateequityhadanimpactIII浙江工商大学硕±毕业论文私募股权投资与现金股利政策的实证研充onthedividendsolico
5、fthelistincororationornot.furtherafectedpygpdividendahemiricalmethod.Thenmentthrouthea巧studiedwhatpygpppinfluencecharacteristicfactorsofrivateeuithaveonthedividendpqyolic.ThrouhemiricalanalsistheaerconcludedthatPrivatepygpyppeuitinstitutio
6、nsstilllaaroleofsuervisionafterthecomanoinqypyppyggpublic.AndthecompanywhichhasPEbackgroundwouldhaveastronerositivecorrelationwithcashdividendsolic.Thecashgppydividendsolicwillbeaffectedbthecharacteristicsofrivateeuitpyypqyinvestmentfo
7、reinbackroundPEshareinvestmentdurationandoint,gg,,jinv的tmentw"lsinificantlafect化eenterrisecashdividendamentgyppytendencyandthelevelofdividendpayments.Thisaermaderesearchcombinindividendolicwithrivateppgpypeuitbmeansoftheoreticalanalsisande
8、mirical^stwhichisanew
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