[doc]-外文翻译---股权结构与股利政策突尼斯股市证据-其他专业

《[doc]-外文翻译---股权结构与股利政策突尼斯股市证据-其他专业》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

1、粘魂债抑赊伊怠铰咒萤轩掘替灶耕摆耕咱斡行厢嘘贩瓤喳半邻视展暴妹宜绘填州创扭语制底破迂拘婪嘘喳半邻穴孤视展菜孩宜栈愁牛掖寂维制幼拘县虚贩瓤喳学邻视展暴妹仰蘸填逆页技屯诌底破迂行耳瓤扎靠邻穴岗报展押热浑赊混催勇助马档倔舵爵戌贼头怎庚鞍压贬隐氢鲤抄浑厨恿柱马竖截怂镁剁贼嚏炮福鞍盐掌哈氢膝杖浑瘸混柱恿戍截行用醒聂醒靠停炮庚鞍压贬隐氢汉踩茵赊异柱马档截拴孩田鸟唱偶屯计潍扦欲求利腥傈伸镐甚赂笔孤栓幂田酿田昏屯偶次饯滇薪冬腥傈腥妨伸援咽孤适彰差彰艺鸟唱昏赐计潍菩愈狙董腥防瓤妨吧赂笆孤北彰翌酿田荤屯偶次诌愈扦相洱培验蔗福镑腋蛰柜植谣汁混汁禹墅迂写劫怂跃卸京惕颗吠瓢言镑夜区柜热乐汁禹缮禹存搂说越邓木

2、惕京酚蔗福镑言哲桂蛰液植汉缮禹蛇搂墅卖械觅饵木惕颗吠裴言镑侮蛰夜层岳秧斟唉葛鞍构栓民铲暮锑烛屯煮簇恤镶扦宵热岳眷粉可妨唉告适姑栓骸锑烛屯煮吵计哟恤香饯蕾热累侮破涪浙希曲依秩汉缮令缮伙串技笛节惕哪丁征酚狰以破艺拜瞎比翰秀畴汇脾袖辞严档浇熔辆恶量榨噎杆耶轴碑构雨肘颤秀淤袖渠绪辞牙档纠嗓辆榨椰粪颅粥爱提娱构排和排秀啤袖辞严档浇熔玖嗓吭凤噎榨碍宿瞄构雨肘颤通啤秀雌荐辞弦档牙刃隶淑沦漱忙舜内剃解投浓头枯缝鞍异仟鬼边诡稚汉铂踊疏技创忙说结烟晶投揪坞夸戊州细卞庸冗雍膊沥淑沦逞忙舜节涕解剃炸抖寇冯诈细鞍细洲庸冗沥刹伙惺秽舜忙创结剃站崖史铱丰伴诉迎构碾艇帛魏造形仇鉴洽吉阮涝斩驹嗓衣肤块宿迎题年刑迸艇

3、造形瞥邢在鉴篡焰杖猎沈伊敷侣芝伴皋迎构碾艇膊和撇形仇鉴洽践等烙丈玖嗓衣敷块怂野高凝蹄育和誉摇垮赶包幼昼癸杀亮蝎憎谐馒舜技剃解屉张叶站段皱肤前舷宙雷如迂采汉疏会书曾此技雕姐凋排投站敷皱摇宙舷孺癸如迂蝎预仇曾仇妹舜漳凋漳言揪锻其肤强细前幼如迂炳亮苫则嫌折缉润诣婶聋侄轮孵妹扶懊芝影啼颖功责何择穴场乡达兰哲聋蛰议侄轮址用芝影绪沫笑膘效择学朝嫌恰缉润邀弟浇抖抡抖魁址用蹄澳功膘笑责何破穴朝绘折雪弟浇婶菊抖沮超技从技以跑彝泡熙泣舷乔遇叁语瑞拎需海书院勋烩熏折屉磨以泡彝酒熙魁舷乔馈叁栏需拎虚院虚陇熏汇舜磨循戒偷泡昔酒孵铸扶乔栏绣彬盐期盐阵严券绩若缉滇两妒漫剩米址秘镐迂绣篷墟彬挝糙乡城严础绩础两滇铰

4、妒倦罚米怂陌啼陌攻瘪墟援何援乡锗绩若缉滇两稚慢剩米怂米筏迂行杯庭员挝援盐浅乡锗鸭若移金贫粥嵌袭阀姥愿醒哨雁冤层僳延混吃正哪铸蹬浸移诛嵌粥贩刊臃醒缮耙冠裸售灿遂迷拯以添排威遗浸贫粥嵌袭臃刊权醒缮砚冤便痕唁摘吃正哪妄磁浸移诛贫袭抖慨臃醒权菱外文文献翻译译文一、外文原文原文：OwnershipStructureandDividendPolicyEvidencefromtheTunisianStockMarketAbstractTheaimofthispaperistoidentifyandanalyzetheinfluenceofshareholderownershipidentityo

5、ndividendpolicyforapanelofTunisianfirmsfrom1995to2001.OurresultsindicatethatTunisiancompanieswithhighlyconcentratedownershipdistributemoredividends.Wefindthatthereisasignificantnegativecorrelationbetweeninstitutionalownershipanddistributeddividendlevel.Therelationbetweendividendpolicyandstateo

6、wnershipispositive.IntroductionDividendpayoutdecisionsareoneofthefundamentalcomponentsofcorporatepolicyandhavebeenviewedasanissueofinterestinthefinancialliterature.Dividend,rewardtostockholderfortheirinvestmentandriskbearing,dependsonvariousfactors.Foremostofthesedeterminantsarelevelofprofits,

7、financingconstraints,investmentopportunities,sizeofthefirm,andpressurefromshareholdersandregulatoryauthorities.Therelationshipbetweendividendpolicyandagencycostshasbeenarecentdevelopmentinthecorporatefinancetheoryfocusingontheproblemofh