What is the perspective of dividend policy in accounting graduation thesis?

Dividend policy of accounting graduation thesis has social perspective and enterprise perspective.

1. Enterprise perspective: This is a truly stable dividend policy, but this policy will lead to frequent changes in the company's dividend distribution and send an unstable message to the outside world. Enterprises will not adopt this dividend policy.

2. Social perspective: There is social network peer effect. After excluding the influence of regional peer effect and industry peer effect, social network peer effect still exists stably.

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