Object

Title: The dividend policy of capital groups and other dividend companies listed on the Warsaw Stock Exchange − research results

Title in english:

Polityka dywidend grup kapitałowych oraz innych podmiotów notowanych na Giełdzie Papierów Wartościowych w Warszawie – wyniki badań

Creator:

Jabłoński, Bartłomiej

Description:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 1, s. 1-21

Abstrakt:

The aim of the article was to present research on the characteristics of the dividend policy of capital groups and other dividend companies listed on the Warsaw Stock Exchange that paid dividends in 2012-2019 and to undertake a critical evaluation. The research relates to the methods of describing the dividend policy implemented by companies listed on the Warsaw Stock Exchange, which publish consolidated financial statements (capital groups) and measures of the system of payout of dividends by these entities. Based on the conducted research, it should be stated that capital groups are of a higher average annual dividend growth rate than companies publishing only separate financial statements, whilst the latter boast a higher average cumulative rate of dividends. The conducted research shows that the parent companies do not show whether they receive dividends from their subsidiary companies. However, based on the Spearman’s Rho analysis and the Pearson linear correlation coefficient for the analysed companies, it was found that there was a statistically significant link for capital groups and other companies between the average annual rate of return and the cumulative rate of dividends, and only for the remaining companies, a positive link between the average annual dividend growth rate and the cumulative rate of dividends (yet, this has not been confirmed by the Pearson’s linear correlation coefficient). The added value and application value are recommendations regarding the attractiveness of investing in dividend companies – capital groups or companies without related entities

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2021

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2021.1.01 ; oai:dbc.wroc.pl:112250

Language:

eng

Relation:

Financial Sciences. Nauki o Finansach, 2021, vol. 26, no. 1

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Financial Sciences. Nauki o Finansach

Object collections:

Last modified:

Jun 11, 2022

In our library since:

Oct 28, 2021

Number of object content hits:

164

All available object's versions:

https://dbc.wroc.pl/publication/153703

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