Dividend Policy Models and Possibilities of Their Utilization in the Conditions of a Particular Country – Assessment and Proposals

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU140439" target="_blank" >RIV/00216305:26510/21:PU140439 - isvavai.cz</a>

Result on the web

<a href="https://digilib.uhk.cz/handle/20.500.12603/485" target="_blank" >https://digilib.uhk.cz/handle/20.500.12603/485</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.36689/uhk/hed/2021-01-007" target="_blank" >10.36689/uhk/hed/2021-01-007</a>

Result language

angličtina

Original language name

Dividend Policy Models and Possibilities of Their Utilization in the Conditions of a Particular Country – Assessment and Proposals

Original language description

The aim of this paper is to describe and compare the existing models of the dividend policy and consequently to present general considerations related to the establishment of a dividend policy model for a particular country (when presenting some specific features for the Czech Republic). The comparison presented in this paper includes 18 existing dividend policy models. Based on the analysis, it may be stated that the models can be divided into two basic groups. The first category of models is aimed at assessing the effect of tax rates on the dividend policy. The second category of models aims at determining the factors affecting the dividend policy. A number of common considered factors may be identified in all the examined models, such as the tax rate on dividends and capital gains, profit/profitability, or debt ratios. Based on the synthesis of the knowledge gained, the authors identified several categories of variables that shall be taken into consideration when creating a dividend policy model for a particular country, namely: general categories aimed at general description of the subject, profitability indicators, indicators of indebtedness, cash and liquidity indicators, assessment of investment opportunities, ownership indicators, tax aspects indicators and relevant category variables.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

—

OECD FORD branch

50206 - Finance

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the International Scientific Conference Hradec Economic Days 2021

ISBN

978-80-7435-822-7

ISSN

2464-6067

e-ISSN

—

Number of pages

12

Pages from-to

74-85

Publisher name

University of Hradec Králové

Place of publication

Hradec Králové, Czech Republic

Event location

Hradec Králové

Event date

Mar 25, 2021

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000670596900007