没有证据显示增长机会、现金流、现金流变异性、银行债务、债务期限结构及股利支付是影响现金持有水平的重要因素。

However, no evidences show that growth opportunity, cash flow, cash flow variability, bank debt, maturity structure of debt, and dividend payment are important determinants of corporate cash holdings.

youdao

金融控股公司进行清算后，非经清偿全部债务，不得以任何名义退还股本或分配股利。

After a Financial Holding Company has commenced liquidation, no capital or dividends may be distributed under any circumstance until all of the Financial Holding Company's debts have been settled.

youdao

Now, D here stands for debt; a minute ago I was using Div to stand for dividends.

这里D代表着债务,之前我曾用Div来代表股利

耶鲁公开课 - 金融市场课程节选