为什么要除权除息？

除权除息是上市公司在分红派息时，为了维持公司的股票价格与公司净资产之间的价值关系，而采取的一种调整股票价格的手段。下面就来探讨为什么要除权除息。

首先，除权除息是为了避免公司股票价格与公司净资产之间的价值关系出现偏离。当上市公司进行分红派息时，由于股票价格中包含了公司的净资产，因此如果不对股票价格进行调整，就会导致股票价格与公司净资产之间的价值关系出现偏离。而除权除息可以消除这种偏离，让投资者能够更好地了解公司股票的真实价值。英文翻译：

Why do we need to eliminate stock rights and dividends?

The purpose of eliminating stock rights and dividends is to avoid divergence between the stock price and the net asset value of the company. When a listed company distributes dividends, the stock price includes the net assets of the company. Therefore, if the stock price is not adjusted, it will lead to divergence between the stock price and the net asset value, which makes it difficult for investors to understand the true value of the company's stock.

其次，除权除息可以提高公司的透明度，让投资者更好地了解公司的财务状况。通过除权除息，上市公司可以将股票价格调整到公司净资产的水平，这可以让投资者更加清晰地了解公司的财务状况和经营业绩。此外，除权除息还可以减少投资者的投资风险，避免因公司分红而出现股票价格大幅波动的情况。英文翻译：

Secondly, eliminating stock rights and dividends can enhance transparency and allow investors to better understand the company's financial condition. Through eliminating stock rights and dividends, listed companies can adjust the stock price to the level of the net asset value, which can make it easier for investors to understand the financial condition and operating performance of the company. Additionally, eliminating stock rights and dividends can also reduce investment risks for investors and avoid significant fluctuations in stock prices due to dividend payments.

最后，除权除息还可以鼓励长期投资。对于长期投资者来说，他们更关注公司的经营业绩和未来发展潜力，而不是短期的股票价格波动。通过除权除息，上市公司可以减少投资者对短期股票价格波动的关注度，从而鼓励投资者更加注重公司的长期价值。英文翻译：

Finally, eliminating stock rights and dividends can encourage long-term investment. For long-term investors, they are more concerned about the company's operating performance and future development potential rather than short-term stock price fluctuations. Through eliminating stock rights and dividends, listed companies can reduce investors' focus on short-term stock price fluctuations, thereby encouraging them to pay more attention to the long-term value of the company.