Research Status of Dividend Policy Theory at Home and Abroad

Dividend policy is one of the core content of modern corporate finance activities.The research of financial circle on dividend policy mainly focused on how the dividend policy,stock price and dividend cause the change of stock price.Starting from the assumption of dividend irrelevance theory of relaxing MM dividend,dividend policy theory is developed.This paper gives a brief introduction of the corresponding dividend policy research both at home and abroad,hoping to provide reference for further research.