Temat: Dividend - Katalog OPAC zbiorów

Skocz do pozycji: 1.

Tytuł:: Dividend policy as an element of the companys strategy
Autorzy:: Włodarska-Zola, Lidia
Powiązania:: https://bibliotekanauki.pl/articles/1845557.pdf
Data publikacji:: 2020
Wydawca:: Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
Tematy:: dividend policy
enterprise strategies
dividend in capital companies
polityka dywidend
strategie przedsiębiorstw
dywidenda w spółkach kapitałowych
Opis:: Purpose: This article presents the principles of payout of dividends and dividend advances in capital companies and their significance in investor relations, as well as the basic theoretical assumptions regarding the dividend policy in an enterprise. Moreover, it describes positive and negative aspects of various dividend payout strategies. Design/methodology/approach: The article is entirely based on literature and legal acts. It presents the theoretical approach to the topic. Findings: The theories of dividends involve fundamentally contradictory assumptions, which may be useful for business managers only when external factors are taken into account. Even if there is no direct relationship between the dividend policy and investors' preferences and, consequently, the company's share price, adopting a specific dividend payout strategy seems to be a necessity. Determining a strategy will also allow shareholders to decide whether to keep the company shares or to sell those shares to investors interested in the strategy of the company. Originality/value: The review of the theories of dividends may be used by other researchers or investors.
Źródło:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2020, 149; 715-724
1641-3466
Pojawia się w:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 2.

Tytuł:: Zarządzanie portfelem inwestycyjnym. Efektywność strategii inwestycji w akcje spółek wysokodywidendowych
Investment portfolio management. Efficiency of strategy regarding investment in shares of high-dividend companies
Autorzy:: Nawrocki, T. L.
Powiązania:: https://bibliotekanauki.pl/articles/322242.pdf
Data publikacji:: 2017
Wydawca:: Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
Tematy:: efektywność inwestycji
spółka dywidendowa
stopa dywidendy
strategia inwestycyjna
zarządzanie portfelem inwestycyjnym
investment efficiency
dividend company
dividend yield
investment strategy
portfolio management
Opis:: Inwestowanie w akcje spółek dywidendowych jest jedną z bardziej popularnych strategii zalecanych na rynku kapitałowym. Mimo pozornej prostoty jej zastosowanie w praktyce często wiąże się z szeregiem dylematów, których rozstrzygnięcie wymaga pogłębionych rozważań. W związku z powyższym, aby przybliżyć specyfikę stosowania tej strategii w warunkach polskiego rynku kapitałowego, za cel artykułu przyjęto zbadanie efektywności inwestycji w akcje spółek wysokodywidendowych notowanych na GPW w Warszawie.
Investing in dividend stocks is one of the most popular strategies recommended on the capital market. Despite the apparent simplicity, its application in practice is often associated with a number of dilemmas, which solution require in-depth consideration. Thus, to introduce the specificity of this strategy use in the conditions of Polish capital market, as the purpose of this paper has been adopted an efficiency investigation of investment in shares of high-dividend companies listed on the Warsaw Stock Exchange.
Źródło:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2017, 102; 239-249
1641-3466
Pojawia się w:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 3.

Tytuł:: Signaling theory in dividend policy
Autorzy:: Bogołębska, Justyna
Powiązania:: https://bibliotekanauki.pl/articles/27313649.pdf
Data publikacji:: 2022
Wydawca:: Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
Tematy:: finance
signaling theory
dividend policy
finanse
teoria sygnalizacji
polityka dywidendowa
Opis:: Purpose: The purpose of this paper is to examine the signaling theory of dividend policy in companies that are listed on the Warsaw Stock Exchange. Design/methodology/approach: Based on the literature review of signaling theory in dividend policy, the research hypothesis was stated: There is no relationship between future earnings and current dividend payments in the financial statements of Warsaw listed companies during the studied period 2010-2021. Accordingly, an empirical model was built which consisted of an explanatory variable (dividend in subsequent years) and explanatory variables (earnings in subsequent years). In addition, a research questionnaire was conducted for individual investors who have been investing in the Warsaw Stock Exchange for more than one year. Findings: The estimation results of the econometric model confirmed that there is no relationship between the dividend paid and the profit of a given company. On the other hand, the survey results indicated that dividend policy is an important element in the decision-making process of individual investors in the stock market. Originality/value: The research in the paper is complementary in nature - the signaling theory in dividend policy was examined in a multifaceted manner - econometric testing of the model and qualitative research in the form of a survey among 100 investors.
Źródło:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2022, 158; 85--94
1641-3466
Pojawia się w:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
Dostawca treści:: Biblioteka Nauki

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Skocz do pozycji: 4.

Tytuł:: Investing in dividend vs. non-dividend stocks – efficiency assessment using fractal measures
Autorzy:: Buła, Rafał
Jabłoński, Bartłomiej
Powiązania:: https://bibliotekanauki.pl/articles/27313543.pdf
Data publikacji:: 2022
Wydawca:: Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
Tematy:: payout policy
dividend
financial investment
fractal dimension
polityka wypłat
dywidenda
inwestycja finansowa
wymiar fraktalny
Opis:: Purpose: The purpose of the paper is to reveal potential differences in risk and profitability of investment in dividend and non-dividend stocks. Design/methodology/approach: The scientific aim of the paper is achieved by conducting a scrupulous literature analysis. Moreover, the authors use methods of comparative analysis to investigate the characteristics of dividend and non-dividend stocks and reveal similarities and differences. Study of fractal features of chosen stocks and comparisons between abovementioned groups of shares are conducted using the ANOVA methods. Findings: The results of the empirical analyses conducted in this paper prove that dividends paid by US dividend companies grow at significantly lower rate than dividends distributed by Polish dividend stocks. Additionally, rates of return on Polish dividend stocks are more heavily influenced by dividend pay-outs than rates of return on US ones. Taking into account riskiness of investments there are no differences in risk level between dividend and non-dividend stocks in USA and Poland, independently whether the risk measure exploited is stock volatility or its fractal dimension. Research limitations/implications: The research was based on limited number of companies analyzed. As a result, there could be present a bias introduced by the deterministic method of choosing a sample of stocks. It is recommended to enlarge the analyzed set in future research. Practical implications: Knowledge about similarities and differences among dividend and non-dividend companies is highly relevant to investors as well as corporate managements. As a consequence, better financial decisions could be taken leading to increased final wealth. Social implications: Among the social implications of the paper the possible change in investors’ attitude towards dividend and non-dividend companies seems most important. This could influence companies’ boards to adjust their payout policies to satisfy the investors. Finally, the improvement in investor’s needs fulfillment can be achieved. Originality/value: The novelty of the paper is the comparison of dividend and non-dividend stocks taking into account classical and modern risk measures. Moreover, it compares the efficiency of investing in dividend and non-dividend stocks during period 2015-2021, i.e. partially catching the effect of SARS-CoV-2 pandemic filling a gap in our knowledge.
Źródło:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2022, 160; 109--128
1641-3466
Pojawia się w:: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
Dostawca treści:: Biblioteka Nauki

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