This is the risk caused by cash dividend distribution.

这就是分配现金股利所产生的风险。

What factors effect the cash dividend policy of listed companies?

影响上市公司股利政策的因素有那些？

Tax cost of the cash dividend is more than 2% of current market value.

现金红利的税收成本为当前市场价值的2%以上。

Experimental analysis on large shareholder cash dividend expropriation degree.

大股东现金股利侵占度的实证分析。

Thus, research on the Cash Dividend policy has a great practical significance.

所以，研究现金股利政策就具有十分重要的现实意义。

And different shareholders have distinct interest in the cash dividend payout.

不同类型股东对现金股利存在不同偏好。

And the cash dividend has formed the cash flow which the shareholders received.

而股利则形成了股东收入的现金流。

How to normalize such cash dividend distribution has been a pressing need for us.

如何规范我国上市公司的现金股利分配，已是迫在眉睫。

Cash dividend is the major form of dividend distribution and shareholder's interests.

现金股利是股利分配的主要形式，是对股东进行利益回报的重要方式。

Cash dividend policy is an important area of research on modern corporate financial theory.

现金股利政策是现代公司财务理论研究的一个重要领域。

However, it is very difficult to solve the problem of paying Cash Dividend rationally, etc.

由于现金股利的合理支付水平等问题不容易解决，它也是财务管理中的一大难题。

The core agent problem provides the new Angle of view to our research in cash dividend policy.

本文研究主要分为三部分：第一，从理论出发分析了上市公司核心代理问题与现金股利政策的关系。

The percentage of the percentage of state shares, are negatively related to cash dividend per share.

国家股比例与每股现金股利存在负相关关系。

Compared with capital gain and stock dividend, cash dividend has the characters of low-risk and steady.

与资本利得和股票股利相比，现金股利具有稳定和低风险的特点。

Sometimes companies will announce that they are paying not a cash dividend, but they're paying a stock dividend.

有时公司会宣布，他们不发放现金股利，取而代之的是股票股利。

The entry to record receipt of a cash dividend consists of a debit to cash and a credit to dividend revenue.

收到现金股利时所作的分录是：借记现金，贷记股利收入。

Cash dividend is quadratic non-linear relationship to state-share's proportion and corporate-share'proportion.

派现与国有股、法人股比例成二次非线性关系；

From the perspective of media attention, this paper studies the cash dividend payment behavior of Chinese listed companies.

本文从媒体关注视角研究了中国上市公司的现金股利支付行为。

The results shows that the equity rate of the large shareholder have an important impact on the embezzlement and the cash dividend policy.

本文的研究结果显示，第一大股东的持股比例对上市公司的资金侵占和现金股利政策有重要影响。

State owned shareholders have a strong preference for cash dividend, and it has low degree of embezzlements than non-state-owned shareholders.

国有控股股东有很强的现金股利偏好，但是其对上市公司的资金侵占程度比非国有控股股东低。

Positive analysis shows that net operating cash flow per share, the capital structure, asset fluidity are irrelated to cash dividend per share.

实证结果显示每股净现金流量、股权结构、资产流动性等因素和每股现金股利不相关；

Our study develops existing models to analyze the relations among share holding structure, share holders' preference and cash dividend policies.

笔者对已有的模型进行拓展，来分析股权比例、控股股东安全偏好和现金股利政策的关系。

The new regulation means that listed companies only to meet a mandatory cash dividend of conditions in order to gain eligibility for refinancing.

此项新规意味着上市公司只有满足了强制现金分红的条件，才可以获得再融资资格。

An important distinction must be drawn between a cash dividend and a stock dividend. A cash dividend reduces both assets and Stockholders 'equity.

现金股利和股票股利存在重要区别：现金股利同时减少资产和股东权益。

This paper empirically analyzed the effect of the cash dividend and stock dividend on stock price through Cumulative Abnormal Return (CAR) method.

本文利用累计超常收益率方法，从实证角度分析了上市公司派发现金股利和股票股利对股票价格的影响。

An important distinction must be drawn between a cash dividend and a stock dividend. A cash dividend reduces both assets and Stockholders' equity.

现金股利和股票股利存在重要区别：现金股利同时减少资产和股东权益。

The results shew that the market has no reflect on cash dividend, so the policy of cash dividend can't have positive effect on signal transference.

结果发现，市场对现金股利宣告没有反映，现金股利政策不能有效地发挥信号传递作用。

Three requirements for the payment of a cash dividend are: retained earnings an adequate cash position and dividend action by the board of directors.

支付现金股利需具备三个条件：留存收益、充足的现金和董事会的分红决定。

This approach is not in need of determining the future cash dividend, thus, to a certain extent, overcoming the shortcoming of the traditional method.

该方法不需要估计未来的现金股利和投资者的预期收益率，在一定程度上克服了传统股票定价方法的缺陷。