The capital structure not only affects capital cost and total prices, but also the structure of corporate governance.
资本结构不仅影响企业的资本成本和企业总价值，而且影响企业治理结构。
Based on "the two powers separate" governance structure, the traditional dividend agency theory thinks that dividend can debase agency cost between manager and shareholder.
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。
The corporate governance cost comprises organization cost of governance structure, general agency cost and harmony and decision-making cost.
公司治理成本分为公司治理机构的组织成本、总代理成本和协调决策成本三大部分。
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