Detail publikace

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

BĚLUŠOVÁ, K. BRYCHTA, K.

Originální název

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

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

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.

Klíčová slova

Czech Republic; dividend policy; dividend policy models; establishing dividend policy model

Autoři

BĚLUŠOVÁ, K.; BRYCHTA, K.

Vydáno

25. 3. 2021

Nakladatel

University of Hradec Králové

Místo

Hradec Králové, Czech Republic

ISSN

2464-6067

Periodikum

Hradec Economic Days

Ročník

11

Číslo

1

Stát

Česká republika

Strany od

74

Strany do

85

Strany počet

12

URL

https://digilib.uhk.cz/handle/20.500.12603/485

Plný text v Digitální knihovně

http://hdl.handle.net/11012/203215

BibTex

@inproceedings{BUT170944,
  author="Kristýna {Bělušová} and Karel {Brychta}",
  title="Dividend Policy Models and Possibilities of Their Utilization in the Conditions of a Particular Country – Assessment and Proposals",
  booktitle="Proceedings of the International Scientific Conference Hradec Economic Days 2021",
  year="2021",
  journal="Hradec Economic Days",
  volume="11",
  number="1",
  pages="74--85",
  publisher="University of Hradec Králové",
  address="Hradec Králové, Czech Republic",
  doi="10.36689/uhk/hed/2021-01-007",
  issn="2464-6067",
  url="https://digilib.uhk.cz/handle/20.500.12603/485"
}