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1·Modern school mainly contains clientele effect thought, signaling hypothesis and agency cost theory.

现代学派主要有追随者效应学派，信号假说，代理成本理论。

2·Then according to how dividend influences the market value of company, it illustrates signal transfer theory, agency cost theory and clientele effect theory.

然后围绕股利如何影响公司市场价值，主要介绍具有代表性的信号传递理论、代理成本理论、客户效应理论的观点内容。