DETERMINANTES DA POLíTICA DE DIVIDENDOS EM PORTUGAL

Zeitschriftenaufsatz


Autoren/Herausgeber


Forschungsfelder


Details zur Publikation

Autorenliste: Gomes Almeida, Luis António; Oliveira Tavares, Fernando; Teixeira Pereira, Elisabeth
Verlag: Universidade Regional de Blumenau (PPGCC/FURB), Brasil
Jahr der Veröffentlichung: 2014
Zeitschrift: Revista Universo Contábil (1809-3337)
Bandnummer: 10
Heftnummer: 4
Erste Seite: 162
Letzte Seite: 181
Seitenumfang: 20
ISSN: 1809-3337
Sprachen: Portugiesisch-Portugal (PT-PT)


Beschreibung

Dividends abreast of investment and financing are regarded as the most important financial decisions in corporate life. However the determinants of dividend policy do not get consensus in the world of business finance. Black (1976) described the issue as "dividend puzzle" because it is a matter still unresolved. Theories like the theory of relevance of dividends, agency theory, and signaling theory or information asymmetry, have contributed arguments and financial determinants to explain the dividend policy followed by companies. In order to further contribute in solving this issue if test-major financial, non-financial companies listed on the Euronext Lisbon, the time period between 1997 and 2011. The conclusions found lead us to conclude that for the Portuguese capital market companies follow a policy of matching dividend relevance theory of dividends proposed by Lintner (1956).


Schlagwörter

Economics, Management, Portugal


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Zuletzt aktualisiert 2019-10-08 um 00:15