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在ROE比率很高的情况下,比如高于20%,与其将现金分给投资者,还不如将现金留在公司内,因为公司发展很好,管理层对资产的增值能力非常强,将来会给投资者带来很好的回报日前,上海市金融服务办公室主任方星海先生在2012年夏季达沃斯论坛“中国的金融改革”分论坛上表示:“我们上市的企业也很多,它的净资产收益率也不低,也挺好的。但是它分红少,这种吝于分红是不应该的。以后我们市场要造成一种压力,要提升分红,不提升的话,你在这个市场上就很难再融资。”听完方先生的观点后,笔者认为有必要澄清一下净资产收益率与分红之间的关系。净资产
Rather than cashing out cash to investors at a high ROE ratio, such as above 20%, it may be better to keep cash in the company because the company is doing well and the management has a very strong appreciation of assets, To bring good returns to investors Recently, Mr. Fang Xinghai, director of the Shanghai Financial Services Office in the summer of 2012 Davos Forum “China’s financial reform ” sub-forum said: “We listed a lot of companies, Its return on net assets is not low, but also quite good, but it is less dividend, this stingy dividend is not supposed to be the future of our market to create a pressure to raise dividends, do not upgrade, you are in this On the market it is very difficult to refinance. ”After listening to Mr. Fang’s point of view, I think it is necessary to clarify the relationship between the return on equity and dividends. Net assets