Model częściowych dopasowań dywidend Lintnera dla Giełdy Papierów Wartościowych w Warszawie Lintner’s partial adjustments of dividends model for Warsaw Stock Exchange
Journal Title: Annales Universitatis Mariae Curie-Skłodowska Sectio H Oeconomia - Year 2013, Vol 0, Issue 0
Abstract
In the paper the results of estimation of Lintner’s partial adjustments of dividends model for companies noted on Warsaw Stock Exchange in the years 1992–2012 were presented. The estimated target payout ratio is 80,38%, but the speed of adjustment is comparatively low (0,6519), so it would take significant period of time do reach so high payout ratio.
Authors and Affiliations
Mieczysław Kowerski
Keywords
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- EP ID EP169363
- DOI 10.17951/h.2013.47.3.337
- Views 60
- Downloads 0
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