Since the early 1960s of the last century, Western economists on the relationship between dividend policy and the value of the stock, a large number of qualitative and quantitative analysis of the formation of the two mainstream factions in theoretical circles, that the dividend irrelevance theory a

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Starts from on century the beginning of 60's, the Western economist has carried on massive qualitative and the quantitative analysis to the dividend policy with the stock value between relations, has formed two big mainstream factions in the theorists, namely the dividend has nothing to do with disc

Starting from the early 60, Western economists on the relationship between dividend policy and shareholder value for a lot of qualitative and quantitative analysis in epistemic community formed the two main factions, namely, regardless of the dividends on the dividends and related theory. Regardless