15 2 n n Residual dividend theory n

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15 - 2 本章重點: (續) n 股利政策是否會影響股價? n 剩餘股利理論(Residual dividend theory) n 股利訊號(Signalling)假說 n

15 - 2 本章重點: (續) n 股利政策是否會影響股價? n 剩餘股利理論(Residual dividend theory) n 股利訊號(Signalling)假說 n 股票購回(Stock repurchase)的理由 Copyright © 2001 by Harcourt, Inc. All rights reserved.

15 - 23 台灣的兩稅合一制 n 台灣的兩稅合一制是否也是一種客戶效 應(Clientele effect)? Copyright © 2001 by Harcourt, Inc.

15 - 23 台灣的兩稅合一制 n 台灣的兩稅合一制是否也是一種客戶效 應(Clientele effect)? Copyright © 2001 by Harcourt, Inc. All rights reserved.

15 - 29 庫藏股 (Treasury stock) n 公司購回股票, 在資產負債表上是列為庫 藏股(Treasury stock), 是流通在外股本 的減項. Copyright

15 - 29 庫藏股 (Treasury stock) n 公司購回股票, 在資產負債表上是列為庫 藏股(Treasury stock), 是流通在外股本 的減項. Copyright © 2001 by Harcourt, Inc. All rights reserved.

15 - 32 美國各產業的股利支付率 產業 股利支付率 Banking 38. 29 Computer Software Services 13. 70

15 - 32 美國各產業的股利支付率 產業 股利支付率 Banking 38. 29 Computer Software Services 13. 70 Drug 38. 06 Electric Utilities (Eastern U. S. ) 67. 09 Internet n/a Semiconductors 24. 91 Steel 51. 96 Tobacco 55. 00 Water utilities 67. 35 *參考Brigham and Houston(2001) Copyright © 2001 by Harcourt, Inc. All rights reserved.

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