How Do Firm Characteristics Affect Propensity to Pay Dividends?
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School of Business |
Bachelor's thesis
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Authors
Date
2024
Department
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Mcode
Degree programme
Rahoitus
Language
en
Pages
20 + 7
Series
Abstract
Are more profitable firms more likely to pay dividends in the 21st century? This study focuses on relationship between firm characteristics and propensity to pay dividends in the largest advanced economies from 2004 to 2017. Conclusions are made with the help of univariate and multivariate analysis. The findings suggest a stable dividend-paying propensity over time, despite economic fluctuations, highlighting the complexity and regional differences in dividend policies. My study shows that dividend payment propensity is higher among profitable and larger firms across all studied countries.Description
Thesis advisor
Keloharju, MattiKeywords
dividends, firm characteristics, repurchases, dividend policy