- Author
- Uchman Jacek
- Title
- Polityka dywidend - wybrane aspekty teoretyczne
Dividend Policy - Selected Theoretical Aspects - Source
- Prace Naukowe Akademii Ekonomicznej we Wrocławiu. Finanse i Bankowość (5), 1998, nr 776, s. 178-184, bibliogr. 8 poz.
- Keyword
- Dywidenda, Inwestor indywidualny, Spółki kapitałowe, Finanse przedsiębiorstwa, Polityka dywidend
Dividend, Individual investors, Capital company, Enterprise finance, Dividend policy - Note
- summ.
- Abstract
- Polityka dywidend firmy to istotny aspekt funkcjonowania spółek kapitałowych. W artykule przedstawiono trzy podstawowe ujęcia teoretyczne w zakresie oceny polityki dywidend dla sytuacji finansowej firmy (Modiglianiego – Millera, Gordona – Lintnera, Litzenberga i Ramaswamy) oraz wpływ opodatkowania dywidend na finanse spółek.
The purpose of this article is to present briefly theoretical problems concerning dividend policy. Dividend policy is very significant and many theoretical and empirical studies have been written about it. The results of these studies are often very different and sometimes contradictory. It seems that the theory can't set optimal dividend policy, because of the taxation of dividends and capital gains and its consequences. (original abstract) - Accessibility
- The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics - Bibliography
-
- Brealey R.A.: Does Dividend Policy Matter? W: Stern J.M., Chew D.H. (eds): The Revolution in Corporate Finance 1986.
- Gordon M, Gould L.I.: The Cost of Equity Capital: A Reconsideration. "Journal of Finance" June 1979.
- Hess P.: The Dividend Debate - 20 Years of Discussion. W: Stern J.M., Chew D.H. (eds): The Revolution in Corporate Finance. London 1986.
- Litzenberger R.H., Ramaswamy K.: The Effect of Personal Taxes and Dividends on Capital Asset Prices: Theory and Empirical Evidence. "Journal of Financial Economics" 7, no 2, June 1979.
- Miller M.H., Scholes M.: Dividends and Taxes Some Empirical Evidence. "Journal of Political Economy" 1982, 90, no 6.
- Miller M.H., Scholes M.: Dividends and Taxes. "Journal of Financial Economics" 1978, no 6.
- Mintz J.: The Corporation Tax. "Fiscal Policy" 1995, vol. 16, no 4.
- Schwartz E., Aronson J.R.: How to Integrate Corporate and Personal Income Taxation. "The Journal of Finance" December 1972.
- Cited by
- ISSN
- 0324-8445
1426-1278 - Language
- pol
