股票股利是最常见的一种股利分配方式。

Stock dividend is one of the most common dividend forms.

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其中股权结构和股利分配政策是研究的重点。

Ownership structure and dividend distribution is the focus of the study.

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我国学术界对股利分配的研究主要理论有代理理论、信号理论，以及大小股东冲突理论。

The main theories of dividend policy are signaling theory , agency theory and shareholder conflicts theory;

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你应该避免分配股利，因此改为股票回购。

So, you would avoid paying dividends and, therefore, switch to share repurchase as your method.

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你应该避免分配股利，因此改为股票回购。

So, you would avoid paying dividends and, therefore, switch to share repurchase as your method.

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