dividend irrelevance

基本解释

Before I talk, I just want to say one more thing about Modigliani-Miller and dividend--irrelevance of dividends.
在讲之前,我想再说一点,关于MM模型和股利无关性
Unexpected cash dividends have little impact on the earnings signal, which is in consistent with the dividend irrelevance arguments.
现金股利和股票收益之间也没有明显的联系，这和股利不相关理论是一致的。
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.
纵观学术史，有关股息税经济作用的论述主要分为三种观点：传统观、税收无关观以及税收资本化观。

When Modigliani--this sounds like a very strong proposition about dividend irrelevance.
当莫迪利阿尼...他对股利无关性的表述,听起来有些绝对
耶鲁公开课 - 金融市场课程节选
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.
我们一讲到股利或者负债理论,最后都是不相关的,没有什么意义,但是公司的董事们不停的提起这些,看起来又对他们很重要
耶鲁公开课 - 金融市场课程节选
Before I talk, I just want to say one more thing about Modigliani-Miller and dividend--irrelevance of dividends.
在讲之前,我想再说一点,关于MM模型和股利无关性
耶鲁公开课 - 金融市场课程节选