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所在平台: Udemy |
课程主页: https://www.udemy.com/course/corporate-finance-15-dividend-policy/
课程评论：没有评论
以下是Coursera上的“公司金融 #15：股息政策”课程的中文内容摘要： 本课程将深入探讨公司股息政策。课程内容包括大量的例题，形式包括演示文稿和Excel表格习题。Excel表格演示将提供可下载的Excel工作簿，包含至少两个工作表：一个包含答案，另一个则提供预格式化的工作表，学员可以跟随教学视频进行分步练习。 股息是公司分配给股东的盈利。虽然公司股息可以与个体所有制或合伙企业中的提取相类比，但由于企业结构的差异，两者之间存在显著区别。 合伙企业中的合伙人通常对他们可以提取的金额和时间拥有更大的控制权，并且不同的合伙人可以在不同时间提取不同的金额。相比之下，公司必须向每一类股份的股东提供统一的股息分配，这使得单个股东对决定股息金额或分配时间点的直接控制力大大减弱。 公司的股息分配政策可能非常复杂，涉及许多因素，包括公司的生命周期、公司的现金流以及股东的偏好。 处于成长期的公司更倾向于发放少量股息，并将资金重新投资以扩大业务。偏好长期投资的股东可能会喜欢这种政策，因为公司价值的增长将增加其股份的市场价值。 处于成熟期的公司对再投资收益的需求可能没有那么大，并且更倾向于将收益分配给股东。许多投资者喜欢投资派发股息的公司，因为他们可以通过股息的形式获得投资回报。
This course will cover corporate dividend policy.We will include many example problems, both in the format of presentations and Excel worksheet problems. The Excel worksheet presentations will include a downloadable Excel workbook with at least two tabs, one with the answer, the second with a preformatted worksheet that can be completed in a step-by-step process along with the instructional videos.Dividends represent earnings that a corporation distributes to owners. Dividends for a corporation can be compared do withdrawals from a sole proprietorship or partnership. However, there are substantial differences between a partnership withdrawal and a corporate dividend due to differences in the business structure.A partner in a partnership generally has more control over the amount of draws they can take and when they can take them. Different partners may also draw different amounts at different times.By contrast, a corporation must give uniform distributions of dividends to each class of shares, resulting in far less direct control by an individual shareholder to determine the amount of dividends or when they will be distributed.The dividend distribution policy of a corporate can be very complex, involving many factors, including the life cycle of the company, the cash flow of the company, and the preferences of the shareholders.A company that is in the growth phase of its life cycle is more likely to have smaller dividends, preferring to reinvest the money to grow operations. Shareholders who would like to invest over a longer time frame may like this policy because the increase in value of the company will increase the value of the shares.A company in a mature phase of the life cycle may not have as much need to reinvest earnings and is more likely to distribute earnings to shareholders. Many investors like investing in dividend yielding companies because they receive a return on their investment in the form of dividends.
