Higher payout ratio and more bonusstocks will make the price of the shares higher and will bring considerable capital gain.
派息率越高、送红股越多，就会使普通的股票股的股价越高，带来客观的资本增值。
2
In stock market, buying and holding the stocks until getting the bonus is investment.
在股票市场中，买了股票长期不动，等公司分红，是投资性的。
3
The paper establishes the incentive model to coordinate the contradiction by presenting stocks or bonus options to entrepreneur and simplifies it by Kuhn Tucker theory.