dividend irrelevance

基本解釋

Before I talk, I just want to say one more thing about Modigliani-Miller and dividend--irrelevance of dividends.
在講之前,我想再說(shuō)一點(diǎn),關(guān)於MM模型和股利無(wú)關(guān)性
Unexpected cash dividends have little impact on the earnings signal, which is in consistent with the dividend irrelevance arguments.
現(xiàn)金股利和股票收益之間也沒(méi)有明顯的聯(lián)系，這和股利不相關(guān)理論是一致的。
Through the academic history, there have been three major theories on the economic effects of dividend tax: the irrelevance theory, the traditional theory and the tax capitalization theory.
縱觀學(xué)術(shù)史，有關(guān)股息稅經(jīng)濟(jì)作用的論述主要分爲(wèi)三種觀點(diǎn)：傳統(tǒng)觀、稅收無(wú)關(guān)觀以及稅收資本化觀。

When Modigliani--this sounds like a very strong proposition about dividend irrelevance.
儅莫迪利阿尼...他對(duì)股利無(wú)關(guān)性的表述,聽(tīng)起來(lái)有些絕對(duì)
耶魯公開(kāi)課 - 金融市場(chǎng)課程節(jié)選
When we think about the theory of dividend or debt we end up with irrelevance-- it doesn't mean anything-- but the companies' boards talk about it incessantly and it seems to matter a lot to them.
我們一講到股利或者負(fù)債理論,最後都是不相關(guān)的,沒(méi)有什麼意義,但是公司的董事們不停的提起這些,看起來(lái)又對(duì)他們很重要
耶魯公開(kāi)課 - 金融市場(chǎng)課程節(jié)選
Before I talk, I just want to say one more thing about Modigliani-Miller and dividend--irrelevance of dividends.
在講之前,我想再說(shuō)一點(diǎn),關(guān)於MM模型和股利無(wú)關(guān)性
耶魯公開(kāi)課 - 金融市場(chǎng)課程節(jié)選