Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)

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Analysis of the Impact and Factors of Dividend Policy on the Achievement of Sustainable Growth of Companies in Different Industries

Authors
Jiashi Zhou1, *
1Tianjin University of Finance and Economics Tianjin, 300221, China
*Corresponding author. Email: lnsin62516@sina.com
Corresponding Author
Jiashi Zhou
Available Online 29 December 2022.
DOI
10.2991/978-94-6463-042-8_124How to use a DOI?
Keywords
Dividend policy; sustainable growth; industry; deviation
Abstract

Adjusting dividend policies is an important method for companies to achieve sustainable growth. On the one hand, it is crucial for companies to achieve the corresponding sustainable growth rate, and on the other hand, it is necessary to make the actual growth rate as close as possible to the expected sustainable growth rate, i.e. to reduce the sustainable growth deviation. This paper conducts an empirical study on the data of A-share listed companies from 2014 to 2019 in the context of China, and examines the relationship between dividend policy and sustainable growth deviation through panel data regression. The results show that (i) the deviation from sustainable growth of listed companies is positively correlated with the dividend payout ratio and inversely correlated with the dividend payout ratio, and not significantly correlated with the transfer of capital from provident fund (ii) different industries have different realizations, and the deviation of public utilities is higher than that of medical services and higher than that of information technology when other conditions are certain. This paper provides some suggestions for listed companies to better achieve sustainable development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
Series
Advances in Computer Science Research
Publication Date
29 December 2022
ISBN
10.2991/978-94-6463-042-8_124
ISSN
2352-538X
DOI
10.2991/978-94-6463-042-8_124How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiashi Zhou
PY  - 2022
DA  - 2022/12/29
TI  - Analysis of the Impact and Factors of Dividend Policy on the Achievement of Sustainable Growth of Companies in Different Industries
BT  - Proceedings of the 2022 International Conference on mathematical statistics and economic analysis (MSEA 2022)
PB  - Atlantis Press
SP  - 880
EP  - 884
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-042-8_124
DO  - 10.2991/978-94-6463-042-8_124
ID  - Zhou2022
ER  -