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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the International Scientific Conference Hradec Economic Days 2021

ISBN

978-80-7435-822-7

ISSN

2464-6067

e-ISSN

—

Počet stran výsledku

12

Strana od-do

74-85

Název nakladatele

University of Hradec Králové

Místo vydání

Hradec Králové, Czech Republic

Místo konání akce

Hradec Králové

Datum konání akce

25. 3. 2021

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000670596900007