The dividend policy has been widely analyzed in the literature. In this paper we aim to understand the different characteristics of dividend policies of listed companies in the main European markets by considering data in the last 15 years. This study finds many difference among European dividend policies confirming the Black's "dividend puzzle" (Black 1976).

Why do they pay? An Analysis of the Dividend Policies around Europe

GIARETTA, ELISA;CHESINI, Giuseppina
2015-01-01

Abstract

The dividend policy has been widely analyzed in the literature. In this paper we aim to understand the different characteristics of dividend policies of listed companies in the main European markets by considering data in the last 15 years. This study finds many difference among European dividend policies confirming the Black's "dividend puzzle" (Black 1976).
2015
978-605-84468-3-0
Dividend Policy, Dividend Payout, Stock market, International Comparison
File in questo prodotto:
File Dimensione Formato  
EBES2015Venice-73.pdf

non disponibili

Descrizione: abstract avente gli stessi contenuti di quello pubblicato
Tipologia: Documento in Pre-print
Licenza: Accesso ristretto
Dimensione 34.71 kB
Formato Adobe PDF
34.71 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11562/929877
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact