Question

麻烦高手翻译一下，不要翻译软件的，谢谢。我在线等

We next discuss differences in expropriation between Europe and Asia. Table 4B showed that corporations in Western Europe pay dividends at significantly higher rates than in East Asia.In Table 6, the significantly positive coefficients on the variable O/C*Group*Europe in all the regressions indicate that group-affiliated corporations with a higher value of the O/C ratio tend to pay higher dividend rates in Europe than those in Asia. In Table 7, the regression coefficients on the European dummy indicate that dividends are paid at a higher rate in Europe than in Asia, this difference being particularly large and consistently significant for group-affiliated corporations.Thus, in the more developed capital markets of Western Europe, investors appear to anticipate more strongly the risk of expropriation in groups; in response, corporations pay dividends at a higher rate.

Answer 1

我们接下来讨论的分歧，在征用欧洲和亚洲之间。表4B条，表明公司在西欧支付股息大大高于东亚asia.in表6 ，显着的正系数就变的O / △ * *集团在欧洲的所有回归显示，集团下属公司与较高价值的O / C比往往要付出较高的股息率，在欧洲比在亚洲。在表七，回归系数就欧洲道具表明，红利支付率高，在欧洲比在亚洲，这种差异尤其大，并始终显着，为集团所属 corporations.thus ，在较发达的资本市场，西方欧洲，投资者似乎预期更强烈地征用风险，在群体;回应，公司支付的股息，在更高的利率。

Answer 2

我们接下来讨论的是欧洲和亚洲在征用方面的分歧。
表4B条表明，公司在西欧支付股息大大高于在东亚地区。
In Table 6, the significantly positive coefficients on the variable O/C*Group*Europe in all the regressions indicate that group-affiliated corporations with a higher value of the O/C ratio tend to pay higher dividend rates in Europe than those in Asia.
在表七，就欧洲模拟出的回归系数表明，欧洲比亚洲的红利支付率高。
这种差异尤其体现在集团下属公司。
因此，在具有较发达的资本市场的西欧，
投资者似乎期望更强烈地征用风险，
对此，公司付更高的股息。

Answer 3

那就难了。