近年来,有关股利信号理论的实证研究在我国日益增多,但仍有许多领域有待开拓。
Recently empirical literatures on dividend signal theory have proliferated in China, but there still remain many fields to be exploited.
本文在阐述了信号理论的基本原理后,运用回归法检验两种股利政策的信息内涵。
After explaining the basic principle of Signaling Theory, this article tests the information content of two kinds of dividends by regression analysis.
然后围绕股利如何影响公司市场价值,主要介绍具有代表性的信号传递理论、代理成本理论、客户效应理论的观点内容。
Then according to how dividend influences the market value of company, it illustrates signal transfer theory, agency cost theory and clientele effect theory.
信号理论认为,股利政策是公司传递内部信息的一个有效信号。
According to Signaling Theory, dividend is an effective signal for company to transmit its inside information.
股利停发是公司股利政策的一种从有到无的质的变化,按照股利政策的信号传递理论,这种变化能向投资者传递信息。
Dividend omissions is a qualified change of the company's dividend policy. According to the signal theory, this kind of change can provide the investors with some information.
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;
中国上市公司的股利政策普遍存在不稳定性,这使得股利政策的信号传递理论在中国的应用与西方国家存在区别。
Dividend policy is the one of the key point of company's financial management. Dividend Signal theory states that the dividend policy can tell the information about the company's future profit.
本文在梳理西方股利政策理论之后,利用我国最新的实际数据进行定量分析,检验了股利信号传递在我国的适用性。
After carding Western theories of dividend policy, this paper test signal transduction dividend applicability in China by using the actual data in a way of quantitative analysis.
本文在梳理西方股利政策理论之后,利用我国最新的实际数据进行定量分析,检验了股利信号传递在我国的适用性。
After carding Western theories of dividend policy, this paper test signal transduction dividend applicability in China by using the actual data in a way of quantitative analysis.
应用推荐