西南石油大学学报(社会科学版) ›› 2013, Vol. 15 ›› Issue (4): 12-17.DOI: 10.3863/j.issn.1674-5094.2013.04.003

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The Empirical Study of the Effect of Financing Cash Flow on Dividend Distribution

ZHENG Yan-qiu，CAO Jing-xian   

  1. 1.School of Management，Xihua University，Chengdu Sichuan 610039，China
    2.School of Accounting，Southwest University of Finance and Economics，Chengdu Sichuan 611130，China
     
  • Online:2013-07-01 Published:2013-07-01

Abstract:

As one of the three major cash flows of the cash flow statements，the financing cash flow has an obvious importance. From the angle of cash flow，we focus on financing cash flow with CSMAR databases，and by taking the companies listed from 2007 to 2010 as samples，we probe into the effect of financing cash flow on dividend distribution and its payment ratio by establishing Logit model and adopting demonstration analysis.

Key words: cash flow, financing cash flow, operating cash flow, cash dividends, dividend payout ratio