Abstract：
The authors chose the A share listed companies in Shanghai and Shenzhen Stock Markets from 2004 to 2007 as research samples, made use of marketization index to measure regional micro environment and on the basis of these analysed its effects on cash dividend. Furthermore, the authors divided the research samples into high ownership concentration samples and low ownership concentration samples and examined the different effects of regional micro environment on cash dividend in different ownership concentration cases.
2011 
