Article 2018
Authors / editors: Leszek Czapiewski, Jarosław Kubiak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of this paper was to test the relation between changes in dividends paid, and the amount of abnormal returns. The issue was empirically tested for companies listed on the Warsaw
Stock Exchange between 1998 and 2014, so in a bull and a bear market phase.
D…
DOI: 10.18276/frfu.2018.92-21 · ISSN: 2450-7741
Article 2018
Authors / editors: Aleksandra Pieloch-Babiarz
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the paper is to show the diversified role and importance of micro- and macroeconomic factors affecting the dividend payments conducted by industrial companies listed on the Warsaw
Stock Exchange.
Design/methodology/approach – The empirical research was carr…
DOI: 10.18276/frfu.2018.92-27 · ISSN: 2450-7741
Article 2017
Authors / editors: Sławomir Zarębski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the paper describes the distribution policy of smaller companies in terms of analyzing the main advantages and disadvantages of the alternative – to classical dividends – forms of investor’s payouts. The article focuses on these instruments for distributing financial re…
DOI: 10.18276/frfu.2017.88/2-08 · ISSN: 2450-7741
Article 2017
Authors / editors: Paweł Wnuczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The concept of potential dividends (PD) and its application in valuation models have been subject to an active debate. The opponents of the inclusion of PD into free cash flow to equity point out the logical inconsistencies and theoretical flaws of the concept, while advocates ar…
DOI: 10.18276/frfu.2017.1.85-36 · ISSN: 2450-7741
Article 2017
Authors / editors: Jarosław Kubiak, Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of this paper was present the results of empirical studies concerning the impact of continuation or changes in the dividend policy on the amount of abnormal returns of companies whose shares were listed on the Warsaw Stock Exchange between 1996 and 2014.
D…
DOI: 10.18276/frfu.2017.89/2-03 · ISSN: 2450-7741
Article 2017
Authors / editors: Andrzej Zyguła
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The purpose of this article is to present the signalling effect, in particular, to introduce its theoretical foundations and to review major empirical studies on this effect.
Design/methodology/approach – The literature review enabling to identify and discuss the main …
DOI: 10.18276/frfu.2017.89/2-28 · ISSN: 2450-7741
Article 2017
Authors / editors: Jarosław Kubiak, Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of this paper is to present the results of empirical studies concerning the impact of changes in the value of dividends on the amount of abnormal returns of companies with different capitalization whose shares were listed on the Warsaw Stock Exchange betwee…
DOI: 10.18276/frfu.2017.86-04 · ISSN: 2450-7741
Article 2017
Authors / editors: Mirosław Wypych
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose –The purpose of the paper is research hypothesis verification, that companies which regularly sharing their profits with shareholders multiplying in a greater extent capital contributed to the company than companies which don’t share these profits.
Design/Methodology/app…
DOI: 10.18276/frfu.2017.86-32 · ISSN: 2450-7741
Article 2016
Authors / editors: Bogna Kaźmierska-Jóźwiak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The main goal of this paper is to investigate whether a company’s ownership structure influence the propensity to pay dividend. We employ three ownership variables, managerial ownership, institutional ownership and state ownership. We used data of selected companies listed on WSE…
DOI: 10.18276/frfu.2016.4.82/2-13 · ISSN: 2450-7741
Article 2016
Authors / editors: Leszek Czapiewski, Jarosław Kubiak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The objective of this paper is to characterise the dividend policy of listed companies in Poland and its comparison with the dividend policy of listed companies on the other European markets. Design/methodology/approach – The study covers all companies whose shares were…
DOI: 10.18276/frfu.2016.4.82/2-04 · ISSN: 2450-7741
Article 2016
Authors / editors: Andrzej Zyguła
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose –The purpose of this article is to present the dividend clientele effect, in particular to introduce and discuss its theoretical foundations and to review major areas of empirical studies on this effect. Design/methodology/approach – The literature review enabling to iden…
DOI: 10.18276/frfu.2016.79-12 · ISSN: 2450-7741
Article 2016
Authors / editors: Sławomir Zarębski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of the study is to evaluate the use of share repurchase by small and medium-sized enterprises, as a basic tool of their dividend policy. This subject constitutes one of the basic problem of the modern theory of corporate finance – identifying the most impor…
DOI: 10.18276/frfu.2016.5.83/2-06 · ISSN: 2450-7741
Article 2015
Authors / editors: Sławomir Zarębski
Published in: Ekonomiczne Problemy Usług
The article compares and characterizes regular dividends and specially designated dividends, as two main instruments of investor’s payments. Author examines its importance, with particular emphasis on its use in medium and small sized enterprises. The article presents the main ad…
ISSN: 1896-382X