According to agency theory, the cause of enterprise incurring debt is to ease up the conflict between the management and shareholders and limit equity agency cost by debt.
根据代理理论的解释，企业负债的原因是为了利用负债来约束股东与管理层之间的冲突，降低股权代理成本。
Then according to how dividend influences the market value of company, it illustrates signal transfer theory, agency cost theory and clientele effect theory.
然后围绕股利如何影响公司市场价值，主要介绍具有代表性的信号传递理论、代理成本理论、客户效应理论的观点内容。
From the prospect of agency theory, traditional internal auditing department is a cost center.
从代理理论来看，传统内部审计部门属于成本中心。
The theory of information transition and agency cost argues that debt and dividend in incentive contract can mitigate adverse selection and moral hazard, and can be replaced by each other.
信息传递理论和代理成本理论认为，在激励契约中，负债和现金股利可以相互替代，但是现实中负债与现金股利却共存于激励契约。
It in further explains the reasons in the perspective of agency theory, transaction cost theory and strategic management literature.
论文进一步从代理理论、交易费用理论和战略管理理论分别对假设不成立的原因进行深入阐述和分析。
This paper analyzes dividend policy of China's listed companies from the perspective of agency-cost theory.
本文从股利政策的代理理论出发分析中国上市公司的股利政策。
The agency cost theory holds that the aim of paying cash dividends for listed companies is to reduce the agency cost which comes from the separation of ownership and management.
传统研究多采用代理理论来解释这一现象，该理论认为上市公司所有权和管理权分离产生了代理成本，而上市公司发放现金股利则能降低代理成本。
The agency cost theory holds that the aim of paying cash dividends for listed companies is to reduce the agency cost which comes from the separation of ownership and management.
传统研究多采用代理理论来解释这一现象，该理论认为上市公司所有权和管理权分离产生了代理成本，而上市公司发放现金股利则能降低代理成本。
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