“老鼠仓”等利益输送行为就是其中的典型。

The rat trade is a special representative among these acts.

大股东利用现金股利政策进行利益输送的行为得到有效抑制。

The conclusion is: after the reform, the "tunnel" behavior through cash dividends policy of majority shareholders is effectively curbed.

发现代理成本理论，特别是其中的利益输送观点可作为分析我国现金股利政策的有利工具。

We find out that the agency theory, especially the tunnelling viewpoint is very fitful to analyse our dividend policy.