2006年我国股市继续呈现高速发展势头,投资者亦获得丰厚回报,尤其是现金分红成为本年度股利政策的一大亮点。本文较系统的阐述了我国股利政策并以2006年沪深两市公开公布的信息资料为样本,通过建立经济计量模型,研究了影响现金分红政策的主要影响因素,并用统计方法进行了拟合优度检验、F检验和T检验,验证了前述假设。 In 2006, the stock market in our country continued its rapid development momentum, and investors also made huge returns. In particular, cash dividend became a highlight of this year’s dividend policy. This article systematically expounds the dividend policy in China and takes the public information materials in Shanghai and Shenzhen stock exchange in 2006 as samples. By establishing the econometric model, the paper studies the main influencing factors of the cash dividend policy, and uses the statistical method to do the fitting Degree test, F test and T test verify the above assumptions.