Earning management of Chinese listed companies has been motivated by the rigidity of regulation policies issued by CRSC, such as share rights policy, special treatment or Particular Transfer, which, in turn, affect the behavior of CPAs to audit and testify the financial report.

After researching the dividend policy of 75 domestic listed energy companies,we find that thecompanies with fixed dividend policy are in favor with the institution investors who focus on low risk andstable cash revenue.

The main theories of dividend policy are signaling theory , agency theory and shareholder conflicts theory; Linear regression analyses(for agency theory)and cumulative abnormal return(CAR,for signaling theory) are two main methods to application, most of study sample data come into all list companies in A-share market(some except bank-relative and ST companies).

Dividend policy of the company\'s financial policy what has long been a hot research is an important component of the scholars in China and abroad.

Research on the Pecking Order Distributing Policy Based on the Life-cycle;

On the Relationship between Idle Cash Flow and Enterprise Dividend Policy;

Relationship between Dividend Policy and Enterprise Value;

Shareholder Wealth Effect of Dividend Policy: An Empirical Evidence from Chinese Security Markets;