论文部分内容阅读
阳春三月,沉睡的大地开始苏醒,古老的万物以新的方式,从冬眠的土地上诞生出新的生命与活力,大地开始焕发出勃勃生机。本期所刊发的主题文章,如同大地古老的物种,大都是老课题,而作者则对这些老课题从新的视角进行解读,带给读者以新的认识与启迪。会计理论研究对指导会计实践具有重要的意义,从今年开始本刊适当地增加了会计应用理论方面的文章,以期为会计实践水平的提高提供指导。本期仍持此方法编辑出版。机构投资者、现金股利与代理问题,是财务学研究的焦点及难点。研究表明,机构投资者具有稳定市场的功能。股利政策作为财务学三大假说,近年来出现了“自由现金流量”与“利益输送”两种观点:
In spring, in March, the sleepy earth began to awake. The ancient world created a new life and vitality from the hibernated land in a new way. The earth began to radiate vigor and vitality. Most of the thematic articles published in this issue are old topics like the ancient species in the earth, while the author interprets these old topics from a new perspective and brings readers new understanding and enlightenment. The study of accounting theory is of great significance to guide the accounting practice. From the beginning of this year, this journal appropriately increases articles on the theory of accounting application so as to provide guidance for the improvement of accounting practice. This issue is still edited and published this method. Institutional investors, cash dividends and agency issues are the focus and difficulty of financial studies. Research shows that institutional investors have the function of stabilizing the market. Dividend Policy As the three major theories of finance, there have been two kinds of views of “free cash flow” and “interest transfer” in recent years: