笔者认为,影响股利政策的因素有法律方面的,也有公司自身方面的,其中公司自身的资本结构是最主要也是最关键的因素。资产负债率、资产的流动性、负债的内部结构以及公司规模、股权集中度会直接影响到股利分配。本文对此进行了研究与探索。 The author believes that the factors affecting the dividend policy are legal aspects, but also the company’s own aspects, including the company’s own capital structure is the most important and most critical factor. Asset-liability ratio, the liquidity of assets, the internal structure of liabilities and the size of the company, ownership concentration will directly affect the distribution of dividends. This article has carried on the research and the exploration.