The theory of information transition and agency cost argues that debt and dividend in incentive contract can mitigate adverse selection and moral hazard, and can be replaced by each other.
信息传递理论和代理成本理论认为，在激励契约中，负债和现金股利可以相互替代，但是现实中负债与现金股利却共存于激励契约。
Negative Numbers can mean the company is servicing debt but can also mean the company is making dividend payments and stock repurchases, which investors might be glad to see.
负数可能表示该公司正在偿债，也可能表示该公司正在支付股息和股票回购，这种情况投资者或许乐于看到。
Deere's dividend payout has been doubled and its debt rating has been upgraded.
迪尔的红利支出翻了一倍，债务评级得以提升。
However, no evidences show that growth opportunity, cash flow, cash flow variability, bank debt, maturity structure of debt, and dividend payment are important determinants of corporate cash holdings.
没有证据显示增长机会、现金流、现金流变异性、银行债务、债务期限结构及股利支付是影响现金持有水平的重要因素。
A model of incentive effects of senior debt and junior debt is developed in the paper, in which both the rate of inflation and the rate of dividend yield are incorporated.
把通货膨胀率和红利支付率融入优先级债务和次级债务的激励效应模型。
Lever effect should enlarge both the lever effect of finance in debt and financial risks, and correspondingly dividend and debt service policies vary with debts.
杠杆效应使负债的财务杠杆效益和财务风险都相应放大；股利和债息政策也随负债的变化而变化。
Lever effect should enlarge both the lever effect of finance in debt and financial risks, and correspondingly dividend and debt service policies vary with debts.
杠杆效应使负债的财务杠杆效益和财务风险都相应放大；股利和债息政策也随负债的变化而变化。
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