Dividend Policy and Payout Ratio. Evidence From Bucharest Stock Exchange
Journal Title: Dezbateri social economice - Year 2014, Vol 6, Issue 4
Abstract
Dividend policy is one of the key elements of financial management, a task and a responsibility for the company's managers. By dividend policy we refer to the way in which managers decide the size and the distribution method of dividends to shareholders. The main objective of this study is the identification of the behavior of companies listed on the Bucharest Stock Exchange in the period 2005- 2012, in terms of dividend policy practiced, be it an invariable dividend, an invariable distribution rate or a residual dividend policy. As a summary, the policies set forth by financial theory do not apply in the practice of companies listed on the Bucharest Stock Exchange, excluding residual dividend policy. The lack of dividend is a signaling instrument of real performances of companies. In these circumstances the absence of attractiveness for companies listed on the stock does not seem to be something surprising.
Authors and Affiliations
Raluca Georgiana Moscu, Carmen-Judith Grigorescu, Ligia Prodan
Keywords
Related Articles
- EP ID EP163513
- DOI -
- Views 93
- Downloads 0
The Evolution of Legislative Framework with Impact on Raising the “Fiscal Union”
Theoretical Aspects Regarding the Intangible Assets
Identifying an intangible asset requires a set of cumulative conditions that must be met with, such as: to generate future economic benefits for the society that could be transferred to that particular asset, a...
Tourism Innovation and Touristic Emotional Factor – Premises for Evolution?
Tourism, with its varied implications on people’s lives from an economic, social, cultural viewpoint and regarding the natural environment, has the power to transform society, as a whole, through initiatives th...
EU and China, Competitors and Partners in Innovation and High-Tech Products Trade International Course
Extension of the Arbitration Clauses for Third Parties Non-Signatories of the Arbitration Convention under the Conditions of the Doctrine of the Group of Companies
The legal issue that we bring to attention within this study refers to the possibility that an arbitration convention signed by two parties may be also extended towards a third party which is a part of the grou...