Thus, the amount of retained earnings at any balance sheet date represents the accumulated earnings of the company since the date of incorporation, minus any losses, and minus all dividends. 因此,在任何一个资产负债表编表日,留存收益都代表从公司注册日开始累计的收益,减损失,再减股利之后的数额。
Therefore, the optimal dividend problem is to maximize the expectation of the difference between the accumulated discounted dividends until ruin and the discounted deficit at ruin. 因此,本章所及分红问题是最大化破产前的累积折现分红量与破产时的赤字的折现值之差的数学期望。
Our target is to maximize the expectation of the accumulated discounted dividends until absolute ruin. 本文的目标是最大化到绝对破产时的累计折现分红。