现代公司理财

现代公司理财环境研究

Study on Financing Environment of Modern Corporation

摘要股利政策是现代公司理财活动的三大核心内容之一。

Dividend policy is one of the three core content of financial management of modern companies .

研究背景股利政策是现代公司理财活动的三大核心之一，在公司财务活动中占据着重要地位。

Research background : The dividend policy is one of the most important activities of corporate finance .

投资决策、融资决策和股利决策是现代公司理财管理中最重要的三大财务决策。

Investment decision 、 financing decision and dividend decision are the three most important financial decisions in modern financing management .

融资政策、投资政策和股利政策是现代公司理财活动的三大核心内容。

Circulating necessary funds ' policy investment policy and dividend policy are three cores of financial activities in modern companies .

上市公司的股利分配决策是现代公司理财活动的三大核心问题之一。

Dividend distribution policy of the listed company is one of the three core problems in modern company 's financial activities .

融资问题是现代公司理财的核心内容之一，也是成长性企业发展的关键。

Financing issue is one of the core content of modern corporate finance and is also crucial for the development of enterprises .

股利政策作为现代公司理财活动的三大核心内容之一，一直是学者们关注的重点。

The dividend policy which is one of the most three core area in the modern corporate financial activities , have been the focus attention of the researchers .

对于上市公司而言，股利政策是利润分配的核心，是现代公司理财活动的三大核心内容之一。

As regards to the listed company , the dividend policy is the kernel of the profit distribution and one of the main contents of finance management for modem companies .

筹资、投资、股利分配是现代公司理财活动的三大核心内容，股利政策数十年来一直是困扰经济学界的一个谜。

Financing , investment and dividends are three cores in financing activities of modern companies . For decades , dividend policy has always been a brain teaser puzzling economic circle .

对盈余管理的研究兴起于20世纪80年代后期，现已成为现代公司理财活动的核心问题之一。上市公司盈余管理的目的是达到自身效用最大化或公司市场价值最大化。

The study of earnings management is becoming a key issue of modern corporate finance , which rising in 1980s.The purposes of earnings management is maximizing the self-utility or maximizing the market value .

作为现代公司理财活动的三大核心内容之一，股利政策的研究一直是财务理论界和上市公司管理层关注的焦点，而其中的现金股利政策更是研究的重中之重。

As a one of the three main contents of corporate finance activities , the dividend policy is the focus of the mangers and researchers , of which the cash dividend is of top priority .

股利政策是关于股份公司是否发放股利，发放多少以及何时发放股利等方面的政策，是现代公司理财活动的核心之一。

Dividend policy is whether the joint-stock companies pay dividends , payment of how much and when payment of dividends and other aspects of policy , is one of the core of modern corporate finance activities .

自从股份公司诞生以来，作为现代公司理财活动的三大核心内容之一的股利分配政策一直困扰着众多学者、投资者、公司高层管理者和公司理财师。

Since the birth of stock company , modern corporate finance activities as one of the three core content of dividend policy has been plagued by a number of academics , investors , senior managers of the company and corporate finance divisions .

现金股利政策是现代公司理财的重要研究内容，它不仅与上市公司剩余利润分配有关，还与上市公司的再融资行为有密切的关系。

Cash dividend policy is one of the important research content of modern corporation financial management . It not only relates to the allocation of surplus profit , but also has a close relation to the secondary equity offering of the listed corporations .