Please use this identifier to cite or link to this item:
Title: Determinantes da política de dividendos: Evidência nas empresas portuguesas
Authors: Almeida, Luís A. Gomes
Pereira, Elisabeth T.
Tavares, Fernando Oliveira
Keywords: Dividend policy
Euronext Lisbon
Cash flow
Random walk
Capital markets
Issue Date: 2014
Citation: Almeida, L. A. G., Pereira, E. T., & Tavares, F. (2014). Determinantes da política de dividendos: Evidência nas empresas portuguesas. In XXIV Jornadas Luso-Espanholas de Gestão Científica, Escola Superior de Tecnologia e Gestão, Instituto Politécnico de Leiria, Portugal, 6- 8 fev.2014 (pp. 1-18). Disponível no Repositório UPT,
Abstract: The issue of policy dividends is one of the themes that have designed more theoretical and empirical work in the area of corporate finance, being considered one of the most important financial decisions in businesses, associated with the investment and financing. This issue was considered by Black (1976) as dividend puzzle, making the analogy between non- consensus of the findings of the various studies to solve this issue. Theories as the theory to the relevance of dividends, the theory of agency, and signaling and information asymmetry have contributed financial arguments to explain the dividend policy. Some financial determinants were tested, such as profitability, size and stability in non-financial companies listed on Euronext Lisbon, for the period between 1997and 2011. The findings suggest that evidence for the Portuguese capital market firms follow a dividend policy in line with the theory of the relevance of dividends proposed by Lintner (1956).
Appears in Collections:REMIT - Comunicações a Congressos Nacionais / Papers in National Meetings

Files in This Item:
File Description SizeFormat 
Almeida_Pereira_Tavares.pdf236.82 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.