Essays about: "dividend policy"

Showing result 21 - 25 of 64 essays containing the words dividend policy.

1. 21. Ownership Structure's Effect on Dividend Payout Policy - A study on controlling shareholders' effect on dividend payout ratios of Swedish listed firms through a corporate governance perspective

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Matilda Dieden Bengtsson; Mikaela Österberg; [2019]
   Keywords : Ownership Structure; Nasdaq OMX Stockholm; Agency Costs; Dividend Payout; Controlling Shareholder;

   Abstract : Swedish firms' distinct ownership structures with high prevalence of controlling shareholders and separation of ownership and control via the use of dual class shares creates potential for large conflicts of interests between controlling shareholders and minority shareholders. Dividend payouts can act as a device for restricting these agency conflicts by disgorging cash to minority shareholders. READ MORE

3. 22. What Matters in Swedish Corporate Governance?

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Axel Edholm; Ludvig Karlsson; [2018]
   Keywords : Corporate governance; firm performance; Agency Theory; board size; gender diversity; director ownership and dividend policy.;

   Abstract : By using five measures of corporate governance, this paper sheds light on the relationship between corporate governance, firm performance and firm valuation in a sample of large Swedish firms between 2013-2016. The study is conducted on the grounds of the Agency Theory as proposed by Jensen and Meckling (1976) and influenced by corporate governance research by Bhagat and Bolton (2008). READ MORE

4. 23. Putting a Piece in the Dividend Puzzle

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Arvid Rosberg; Marcus Saeidi; [2018]
   Keywords : Dividend Policy; Firm Performance; Dividend Payout Ratio; Excess Returns; Sweden;

   Abstract : Empirical research shows that dividends affect firm value. This contradicts early financial theory and has therefore captivated researchers for decades. The true relationship between dividends and firm value has not yet been established and the research area has thus been named the Dividend Puzzle. READ MORE

5. 24. Stock Valuation, Dividends and Learning Through Age: how learning about a firm and its dividend policy affects its valuation

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Yousef Kaddoura; Marius Rrapushaj; [2018]
   Keywords : Market-to-Book Ratio; Firm value; Learning effects; Dividends; Uncertainty; Over optimism; Fama-MacBeth.; Business and Economics;

   Abstract : This paper looks into how learning about firms and their dividend policy affects their valuation, while comparing the results between North American and German firms. Learning is observed through the age of a firm,where the market-to-book ratio (M/B) is predicted to decline over a firm’s lifespan. READ MORE

6. 25. Why would firms choose dividends over share repurchases?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Emma Jansson; Chonnikarn Janesiripanich; [2018]
   Keywords : Dividend; Share repurchase; Firm value; Panel data; Business and Economics;

   Abstract : This study investigates the relationship between the two different payout policies, dividends and share repurchases, and firm value in the Swedish market. We aim to clarify how the lack of difference in taxation of dividends and capital gains in Sweden affects investors’ preferences for different payout policies and whether a certain payout policy incentivizes investor to pay extra for a firm that applies this policy. READ MORE