本文基于代理理论,研究我国上市公司现金股利政策与公司治理之间的关系。
This paper investigates the relationship between corporate dividend policy and corporate governance based on agency theory.
传统股利分配代理理论是基于“两权分离”公司治理结构,认为股利支付可以降低管理者与股东之间的代理问题。
Based on "the two powers separate" governance structure, the traditional dividend agency theory thinks that dividend can debase agency cost between manager and shareholder.
在传统的委托代理理论中,对委托人、代理人的假设都是基于经济人假说的。
In traditional principal-agent theory, assumptions of client and agent are based on rational-economic man hypothesis.
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