IDEAS home Printed from https://ideas.repec.org/a/cpn/umkeip/v14y2015i4p443-457.html
   My bibliography  Save this article

Microeconomic and macroeconomic determinants of the dividend policy in companies quoted at Warsaw Stock Exchange — research results

Author

Listed:
  • Bartlomiej Jablonski

    (Katowice University of Economics)

  • Jacek Kuczowic

    (Katowice University of Economics)

Abstract

The article presents results of research devoted to determinants of the dividend policy of companies quoted at Warsaw Stock Exchange in Warsaw. The presentation of the authors’ analyses is preceded by a review of studies described in the literature, carried out in scientific centres in Poland and abroad, in the breakdown into studies referring to two groups of factors: the microeconomic and the macroeconomic ones. The studies presented covered an analysis of correlation between the value of the paid-out dividend and selected parameters which describe the financial and property-related standing of companies, as well as macroeconomic factors. The research based on data from the years 2002–2013. It was summed up in a comparative analysis of microeconomic and macroeconomic determinants of dividend-related decisions of companies.

Suggested Citation

  • Bartlomiej Jablonski & Jacek Kuczowic, 2015. "Microeconomic and macroeconomic determinants of the dividend policy in companies quoted at Warsaw Stock Exchange — research results," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 14(4), pages 443-457, December.
    • Handle: RePEc:cpn:umkeip:v:14:y:2015:i:4:p:443-457
    DOI: 10.12775/EiP.2015.029
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.12775/EiP.2015.029
    Download Restriction: no
    File URL: https://libkey.io/10.12775/EiP.2015.029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    dividend policy; cash flow; profit; CPI inflation rate; PMI factor;
    All these keywords.

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpn:umkeip:v:14:y:2015:i:4:p:443-457. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Miroslawa Buczynska (email available below). General contact details of provider: http://www.wydawnictwoumk.pl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.