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dc.contributor.author孙刚
dc.date.accessioned2016-05-17T02:18:17Z
dc.date.available2016-05-17T02:18:17Z
dc.date.issued2015-4-16
dc.identifier.citation经济理论与经济管理,2015,(4):32-45
dc.identifier.issn1000-596X
dc.identifier.otherJJLL201504003
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/103310
dc.description.abstract以2007年以来颁布的有关规范国有资本收益收缴和资本预算制度为背景,本文考察了上市国有企业分红对其资本性投资支出决策价值相关性的影响机理。搜集以国有企业分红返还为代表的“体内循环“证据,通过国有股权比例衡量红利“体内循环“的预期操控强度,验证了国有股红利“体内循环“与企业资本性投资支出决策价值相关性的关系以及受国有资本收益收缴和预算制度的影响。本文指出的国资红利再分配的“两面性“,对混合所有制发展和国有企业市值管理均具有一定的理论和现实意义。
dc.description.abstractUnder the background of state capital revenue collection and capital budget policy since year2007,this paper examines the mechanism of payout policy of SOEs on its value relevance of capital expenditure decisions.Collecting evidences on"in-the-body-recycling"of dividend reimbursement policies,this paper uses state ownership as proxy for expected extent of dividend"in-the-body-recycling"and investigates two side effects of cash dividends reimbursement for SOEs,which has a certain theoretical and practical implications for developing mixed ownership and value management of listed SOEs.
dc.description.sponsorship浙江省哲学社会科学规划项目(14NDJC095YB); 中国博士后科学基金面上项目(工商管理)一等资助金项目(2014M550355); 宁波市软科学研究项目(2013A10007)的资助
dc.language.isozh_CN
dc.subject国有企业分红
dc.subject投资决策
dc.subject价值相关性
dc.subject红利返还
dc.subjectSOEs profit redistribution
dc.subjectinvestment decision
dc.subjectvalue relevance
dc.subjectdividends reimbursement
dc.title国企分红再分配与投资决策价值相关性研究——基于国有资本红利返还的初步证据
dc.title.alternativePRofIT REDISTRIBUTION of SOES AND VALUE RELEVANCE of CORPORATE INVESTMENT DECISIONS——Preliminary Evidences from Cash Dividends Reimbursement
dc.typeArticle


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