The Influence of Pecking Order Theory to the Dividend Policy of Hanrs Laser

Abstract

Through consulting the company annual reports, computation statistics finance data and so on, the analysis research obtains the finance policy and dividend policy of Han's Laser in recent years: (1) Han's Laser increased its internal financing in the recent five years and the financing policy tends to a stability mode; (2) Han's Laser implements a fixed dividend policy, to every 10 shares for fixed cash dividend 2 Yuan. According to the Pecking Order Theory, obtains the influence of Han's Laser financing policy to the dividend policy, analyzes the advantages and disadvantages of it, and proposes to its policy improvement suggestion. 306