本文以2008年沪市A股前百强中的国有企业为样本,从公司治理对上市公司现金股利政策影响的角度进行实证分析。从股权集中度、股权制衡度、董事会构成情况、管理人员的激励程度、公司透明度、公司业绩、公司规模七个方面对现金股利的分配进行分析,从而对国有企业的公司治理和现金股利分配的关系作出总结,并给出相应的优化建议。 This paper takes the state-owned enterprises in the top 100 A-shares stock markets in 2008 as a sample, and conducts empirical analysis from the perspective of corporate governance on the cash dividend policy of listed companies. The distribution of cash dividends is analyzed from seven aspects: equity concentration, ownership balance, board composition, managerial incentives, company transparency, company performance, and company size, so that corporate governance and cash dividends are allocated to state-owned enterprises. The relationship is summarized and corresponding optimization recommendations are given.