That would mean that companies should try to push their debt-equity ratio up as high as possible given that theory.

这个理论意味这公司将,尽力提高负债权益比

耶鲁公开课 - 金融市场课程节选

What's happening and interests me acoustically, and again we'll come back to it, is that we're getting up toward here, and notice how these pitches in terms of the ratio frequencies are getting very close together.

这段乐曲从声学的角度上让我很感兴趣,我们再看看它,音乐升高到这里,然后我们注意到这些音高,是如何根据频率比最后汇合在一起的

耶鲁公开课 - 聆听音乐课程节选

He said all this--this thing that I have up here-- well the previous slide, showing the dividend earnings ratio--it's just cultural; it means nothing because, to some extent, what's not shown in that diagram was the stock repurchase.

他是这么描述的,在这里,在上一张幻灯片中,展示了股利收益比,这跟文化相关,但却无意义,在某种意义上,在图表中没有展示出股票回购

耶鲁公开课 - 金融市场课程节选

They told him that if earnings go up-- we try to keep a target payout ratio-- but if earnings suddenly shoot up, we're not going to increase our dividends right away because that would set too high an expectation and we don't want to have to cut it.

他们告诉他,如果收益提高,我们会努力维持既定的股利发放率,但如果收益大涨,我们不会马上提高股利,因为这样会导致过高的期望,我们也不想降低股利

耶鲁公开课 - 金融市场课程节选