THE IMPACT OF DIVIDEND POLICY ON FIRM VALUE. A PANEL DATA ANALYSIS OF ROMANIAN LISTED FIRMS

Autor:	Sorin Gabriel ANTON
Jazyk:	angličtina
Rok vydání:	2016
Předmět:	dividend policy firm value emergent economies romania listed firms. Law Law in general. Comparative and uniform law. Jurisprudence K1-7720 Social Sciences Finance HG1-9999
Zdroj:	Journal of Public Administration, Finance and Law, Vol 5, Iss 10, Pp 107-112 (2016)
Druh dokumentu:	article
ISSN:	2285-2204 2285-3499
Popis:	The aim of the paper is to investigate the impact of dividend policy on firm value. Our sample consists of sixty-three non-financial firms listed on the Bucharest Stock Exchange over the period 2001-2011. Employing a fixed effects model, we found that dividend pay-out ratio positively influences firm value after controlling for other firm-specific variables. Furthermore, leverage and firm size were found to have a positive effect on firm value.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/582303708ad147148c62cbbd0c63da93 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF