dividend irrelevance theory 股利不相关理论
The dividend irrelevance theory is a concept that is based on the premise that the dividend policy of a given company should not be considered particularly important by investors.Further,the terms of that dividend policy should not have any bearing on the price of the shares of stock issued by that company.With this particular financial theory,the idea is that investors can always sell a portion of their shares if they want to generate some amount of cash flow.As with most investment theories,the dividend irrelevance theory has its share of supporters and detractors.