股利票 的英文怎麼說
中文拼音 [gǔlìpiào]
股利票
英文
scridividend-
The result of this paper were : 1 ) the market mircrostructure of chinese stock is ' nt market maker, two - part stock can n ' t circulate and the scale of current stock is small, so, filling right effect make dividend event do n ' t diluate the price, the stock price could n ' t reach optimal price ; 2 ) the meanings of bid - ask speed in chinese has been changed, did n ' t reflect the real trade cost, only reflect the possible trade cost, contained desire of price popple, din n ' t belong absolute liquidity again ; 3 ) turnover rate is a liquidity ' s index, speculation ' s index too, which can explain one side of liquidity, but this index is defective in chinese stock market ; 4 ) martin index was decrescent when dividend event occurred, display the liquidity of stock was improved, so, the martin index is compatible index to measure chinese stock liquidity ; 5 ) stock dividend event affect the liquidity in the stock dividend day, stock dividend event can n ' t dividend event in the bulletin day ; 6 ) the quantity stock dividend and trend of stock market was significant factors that affect the liquidity
本研究的結論是: 1 )中國股票市場的微觀交易結構並不是採取做市商制度,且2 3的股票不能流通,流通股規模很小,存在著股票股利事件后的快速「填權」效應,使股票價格快速回升,股票股利發放事件的稀釋價格作用無法發揮,也就無法達到「最適價格」 ; 2 )中國股市的買賣價差的含義發生了變化,不再是實際交易成本的反映,只是可能交易成本的反映,因而很大程度上代表了股價的波動意願,並不具有完全意義上的流動性含義。 3 )就換手率而言,它既是流動性的衡量指標,也是最常用的衡量投機性的指標。換手率指標只能說明流動性的一個側面,在中國衡量流動性是有缺陷的。Stock dividends are fundamentally different from cash divi ? dends because stock dividends do not transfer the assets of the corporation to the stockholders
股票股利與現金股利有根本區別,因為股票鼓勵並不將公司的資產轉移給股東。There are many mechanics can be used, such as the preference share, the redeemable preference share, convertible preference share, the income bond, the anti - dilution clause, the protection against dilution, mandatory dividend, convertible preference bond, participating preference share, etc. however, in the contract freedom, some stakeholders, such as creditors, minority shareholders, suffer from significant information imperfections and negative externalities
原因在於,當公司向股東分配股票,包括股票股利、資本公積金轉增股本時,不會導致財產流出公司,不會減少對優先股股東和債權人的擔保財產,通常不會損害優先股股東和債權人利益,不會對優先股股東和債權人產生負的外部性。克服負外部性的機制之一是,通過程序強制,為第三方參加締約創造機會。However, investors prefer stock dividend, not cash dividend
但是投資者卻喜歡股票股利,不喜歡現金股利。A stock dividend is a proportional distribution by a corporation of its own stock to its stockholders
股票股利是公司將其股票按比例分配給股東的一種股利方式。There are cash dividend, stock dividend, debt type dividend and stock buy - back in fact in payment forms of the dividend
股利的支付形式一般有現金股利、股票股利、負債式股利和股票回購。According to the above - mentioned empirical result, stock price should be more influenced by cash dividend than by stock dividend
根據上述檢驗結果,現金股利對股價的影響應該比股票股利的影響大。The empirical evidence not only supports that the stock returns are higher during the dividend tax cut event week, but also suggests that firms paying lower dividends in the year of 2002 tend to have higher abnormal stock returns around the dividend tax cut event periods in 2003
實證結果不只證實股票收益在該事件周中變得較高,更顯示在2002年付較低股利的公司在2003年的股利稅率減免事件期間獲得異常高的股票收益。The following conclusions are summarized from this empirical study ; ( l ) the " expected pretax monthly returns of stocks are positively correlated to dividend yields. investors need higher pretax raturns to offset the disadvantages of dividend tax, ( 2 ) the effect of dividend tax is significant on ex - dividend - day and monthly yield, but the tax effect on yearly yield is not confirmed, ( 3 ) there are other factors affecting stocks " expected returns besides tax during the ex - dividend days
對紅利徵收所得稅影響投資者我國股利政策稅收效應的實證研究的實際收入,投資者因此需要更高的期望收益以彌補稅收帶來的損失: ( )股利所得稅對股票除權日和股利支付月份的期望收益率影響明顯,但對年期望收益率的影響沒有得到證實; ( 3 )股利發放期間,除了稅收的影響作用外,還有其他因素對股票的預期收益率產生影響。In a perfect walrasian market with no taxes or transations " costs, share prices on the ex - dividend day would fall by exactly the value of the dividend that is paid on each share. however, it is well documented that stock prices do not fall by full amount, on average. following elton and gruber ( 1970 ), we use chinese data to examine the effect of dividend taxes on investors " relative valuation of dividends and capital gains
作為稅收金融效應的研究方法之一,股票除息日股價行為研究與公司的股利政策息息相關,直接關系著公司的股利政策是否能夠達到使得股東稅后收益最大化的目標;我國股票市場目前投機過度,現金股利被統一的課以20的個人所得稅,而資本利得稅尚未開征,這方面的研究也可以為資本利得稅的開征提供一個實證依據。So, the impact of stock dividend should inexistence in theory, although the impact was existence in fact. some scholars considered that stock dividend make stock price drop to a rational section, increase the liquidity of stock by attract more investors or increase stock number
有部分學者認為股票股利的發放會使得股價下降至一合理區間,吸引更多的投資人來購買以增加股票的流動性;或股票股利的發放將使流通在外的股數增加,交易量增大而流動性增加。Where the actual payments of the investments in shares include dividends declared by the investee company, that portion of the dividend should be accounted for as a temporary payment and disclosed under other receivable in the books of the investing company
股票投資實際支付的款項中有已發放未支出的股利的,應將這部分股利作為暫付款項,通過其他應收款帳戶核算。This essay gives a short review with those well - known dividend distribution theories, and then puts forward three approaches that will be helpful to achieve the goal of maximization of shareholder wealth, which is more - retained dividend, stock dividend and stock split
本文在闡述股利分配的幾個著名的理論之後,給出了多提留的股利政策、股票股利、股票回購三個在考慮所得稅存在的情況下可選擇的股利分配方式,以實現股東財富最大化的財務管理目標。Current liabilities refer to the debts which should be paid off within a year or an operating cycle longer than a year, including short - term loans payable, notes payable, accounts payable, advances from customers, accrued payroll, taxes payable, profits payable, dividends payable, other payable, provision for expenses, etc
流動負債是指將在一年或超過一年的營業周期內償還的債務,包括短期借款,應付票據、應付帳款、預收帳款、應付工資、應交稅金、應付利潤、應付股利、其他應付款、預提費用等。Study on stock evaluating model based on arithmetic increasing dividend
股利等差增長的股票估價模型探討Stock dividend and stock split differ in that stock dividend shifts an amount from retained earnings to paid - in capital, leaving the par value per share unchanged while a stock split affects no account balances whatsoever
股票股利和股票分割的差別在於:股票股利將留存收益的金額轉移到繳入資本之中,每股面值不變,而股票分割並不影響帳戶余額。In chain, dividends are mostly given through cash payment and stock payment
在我國,最主要的股利支付形式是現金股利和股票股利。Dividend involves in cash dividend, stock dividend, debt dividend, property dividend etc., and other substitutes for, share repurchase
股利一般包括現金股利、股票股利、負債股利、財產股利等形式及股份回購等替代形式。Apparently stock dividends own a higher percentage of abnormal return. as a result, investors prefer stock dividend rather than the others
在實證結果中可以看到,股票股利相對現金股利而言有較高的超常收益率,因而投資者偏好股票股利。This paper empirically analyzed the effect of the cash dividend and stock dividend on stock price through cumulative abnormal return ( car ) method
本文利用累計超常收益率方法,從實證角度分析了上市公司派發現金股利和股票股利對股票價格的影響。分享友人