DETERMINANTES DA POLíTICA DE DIVIDENDOS EM PORTUGAL

Article de journal


Auteurs / Editeurs


Domaines de Recherche


Détails sur la publication

Liste des auteurs: Gomes Almeida, Luis António; Oliveira Tavares, Fernando; Teixeira Pereira, Elisabeth
Editeur: Universidade Regional de Blumenau (PPGCC/FURB), Brasil
Année de publication: 2014
Journal: Revista Universo Contábil (1809-3337)
Numéro du volume: 10
Numéro de publication: 4
Page d'accueil: 162
Dernière page: 181
Nombre de pages: 20
ISSN: 1809-3337
Languages: Potugais-Portugal (PT-PT)


Résumé

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).


Mots-clés

Economics, Management, Portugal


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Dernière mise à jour le 2019-10-08 à 00:15