什么是clientele effect theory

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什么是clientele effect theory

什么是clientele effect theory
什么是clientele effect theory

什么是clientele effect theory
Clientele Effect
The theory that a company's stock price will move according to the demands and goals of investors in reaction to a tax,dividend or other policy change affecting the company.The clientele effect assumes that investors are attracted to different company policies,and that when a company's policy changes,investors will adjust their stock holdings accordingly.As a result of this adjustment,the stock price will move.
举个例子,一个电力公司一直属于高分红,很多退休老人持有该公司股票,如果该公司突然减少分红,那些依靠分红维持生活的老年投资者必将抛售该股票,导致股票价格下跌,这也是很多公司宁可发行新股也要维持分红的原因.
手机提问的朋友在客户端右上角评价点【满意】即可.

追随者效应理论(Clientele effect theory) 追随者效应理论译顾客效应理论该理论先由 米勒 ( Mi ller ) 莫迪格利安尼 ( Modigliani )提 股东 边际所税税率发认每投资者所处税收等级同: 边际税率 高富投资者;边际税率低 养基金