从管理角度反思股利政策外文翻译

1、本科毕业论文（设计）外文翻译原文REVISITINGMANAGERIALPERSPECTIVESONDIVIDENDPOLICYINTRODUCTIONONEOFTHEMOREPUZZLINGISSUESINCORPORATEFINANCEINVOLVESDIVIDENDSMILLERANDMODIGLIANI1961PROVIDEACOMPELLINGANDWIDELYACCEPTEDARGUMENTFORDIVIDENDIRRELEVANCEINAWORLDWITHPERFECTCAPITALMARKETSMANYYEARSLATER,MILLER1986RECOGNIZEDTHATTHEOBSERVEDPREFERENCEFORCASHDIVIDENDSISONEOFTHE“SOFTSPOTSINTHECURRENTBODYOFTHEORY“SOWHYDOCORPORATIONSPAYDIVIDENDS,ANDWHYDOINVESTORSCAREBLACK1976ONCEDESCRIBEDTHISISSUEASADIVIDEND“PUZZLE。

2、本科毕业论文（设计）外文翻译原文REVISITINGMANAGERIALPERSPECTIVESONDIVIDENDPOLICYWESURVEYMANAGERSOFNASDAQFIRMSTHATCONSISTENTLYPAYCASHDIVIDENDSTODETERMINETHEIRVIEWSABOUTDIVIDENDPOLICY,THERELATIONSHIPBETWEENDIVIDENDPOLICYANDVALUE,ANDFOURCOMMONEXPLANATIONSFORPAYINGDIVIDENDSTHEEVIDENCESHOWSTHATMANAGERSSTRESSTHEIMPORTANCEOFMAINTAININGDIVIDENDCONTINUITYANDWIDELYAGREETHATCHANGESINDIVIDENDSAFFECTFIRMVALUEMANAGERSGIVETHESTRONGESTSUPPORTTOASIGNALINGEXPLANATIONFORPAYINGDIVIDENDS,WEAKTOLITTLESUPPORTTOTHETAXP。

3、 外文翻译 原文 Revisiting Managerial Perspectives on Dividend Policy Material Source: http:/springer.lib.tsinghua.edu.cn/ Author: GaryE.Powell One of the more puzzling issues in corporate finance involves dividends. Miller and Modigliani provide a compelling and widely accepted argument for dividend irrelevance in a world with perfect capital markets. Many years later, Miller recognized that the observed preference for cash dividends is one of the soft spots in the current body of theor。

4、原文REVISITINGMANAGERIALPERSPECTIVESONDIVIDENDPOLICYMUCHEMPIRICALRESEARCHEXISTSINVESTIGATINGWHETHERDIVIDENDPOLICYAFFECTSFIRMVALUEGRAHAMANDDODD1951ANDGORDON1959ARGUETHATANINCREASEINTHEDIVIDENDPAYOUTINCREASESSTOCKPRICEVALUEANDLOWERSTHECOSTOFEQUITY,BUTEMPIRICALSUPPORTFORTHISPOSITIONISWEAKOTHERSSUCHASLITZENBERGERANDRAMASWAMY1979,1982,BLUME1980,ANDANGANDPETERSON1985TAKETHEOPPOSITEPOSITIONTHEIRSTUDIESREPORTTHATSTOCKSWITHHIGHDIVIDENDPAYOUTRATIOSHAVEHIGHERREQUIREDRETURNSANDTHEREFORELOWERPRICESSTILLOTHER。

5、外文翻译REVISITINGMANAGERIALPERSPECTIVESONDIVIDENDPOLICYMATERIALSOURCEJOURNALOFECONOMICSANDFINANCEAUTHORHKENTBAKER,GARYEPOWELL,ANDETHEODOREVEIT1、INTRODUCTIONONEOFTHEMOREPUZZLINGISSUESINCORPORATEFINANCEINVOLVESDIVIDENDSMILLERANDMODIGLIANI1961PROVIDEACOMPELLINGANDWIDELYACCEPTEDARGUMENTFORDIVIDENDIRRELEVANCEINAWORLDWITHPERFECTCAPITALMARKETSMANYYEARSLATER,MILLER1986RECOGNIZEDTHATTHEOBSERVEDPREFERENCEFORCASHDIVIDENDSISONEOFTHE“SOFTSPOTSINTHECURRENTBODYOFTHEORY”SOWHYDOCORPORATIONSPAYDIVIDENDS,ANDWH。

6、 1 外文翻译 原文 Revisiting Managerial Perspectives on Dividend Policy Material Source:JOURNAL OF ECONOMICS AND FINANCEVolume 26Number 3Fall 2002 Author:H.Kent Baker,GaryE.Powell,Theodore Veit One of the more puzzling issues in corporate finance involves dividends. Miller and Modigliani (1961) provide a compelling and widely accepted argument for dividend irrelevance in a world with perfect capital markets. Many years later, Miller (1986) recogni。