agency cost theory of dividend

基本解釋

In the case of agency theory and information asymmetry, cost of capital should be considered during the process of making dividend decisions.
在委托代理關(guān)系和信息不對(duì)稱條件下，公司經(jīng)理應(yīng)以資本成本決策股利支付，貫徹資本成本觀念。
Firstly, it sums up the agency cost analysis and the signaling analysis of dividend policy by a theory named as the Theory of Dividend Policy under Asymmetric Information;
本文研究的主要成果有三點(diǎn)：一是將股利政策代理成本分析和股利政策信號(hào)傳遞分析系統(tǒng)地歸納為非對(duì)稱信息股利政策理論；
The theory of information transition and agency cost argues that debt and dividend in incentive contract can mitigate adverse selection and moral hazard, and can be replaced by each other.
信息傳遞理論和代理成本理論認(rèn)為，在激勵(lì)契約中，負(fù)債和現(xiàn)金股利可以相互替代，但是現(xiàn)實(shí)中負(fù)債與現(xiàn)金股利卻共存于激勵(lì)契約。