Dividend policy of listed companies based on hidden Markov chain prediction

作者：Ning Qingqing^*

来源：Agro Food Industry Hi-Tech, 2017, 28(1): 2326-2330.

• Evaluation
• dividend policy
• listed companies
• Hidden Markov chain prediction

This study investigates the financial decision making and dividend policy of China's listed corporations, and proposes the management's rational hypotheses. The influence of enterprise executives and foreign business executives on enterprise financial decision is determined using hidden Markov chain prediction. Accordingly, the enterprises are encouraged to improve their corporate governance and scientific decision-making mechanisms such that enterprise decision making can be rationalized. On the basis of the theory of managerial over confidence, we analyze the mechanism of over confidence of the managers in enterprise dividend policy and investment decision, financing decision, dividend distribution policy, and decision making. The results of hidden Markov chain prediction can be used for further testing. Finally, the relationship between the over confidence of the managers and the dividend policy and financial decision making of the enterprise is analyzed and studied, in combination with relative data materials in our country.

• 出版日期2017-1
• 单位苏州大学; 宿州学院