the chapter studies which dividend policies theories drive the distribution of dividends for listed companies traded on the main European markets. Many drivers of companies' dividend policies are still present while the agency cost theory does not explain European dividend policy. In this chapter, they provide evidence that pecking order theory, signalling theory and bird-in-the-hand theory complementarily explain dividends' payments.

The drivers of dividend policies in Europe

CHESINI, Giuseppina;GIARETTA, ELISA
2016-01-01

Abstract

the chapter studies which dividend policies theories drive the distribution of dividends for listed companies traded on the main European markets. Many drivers of companies' dividend policies are still present while the agency cost theory does not explain European dividend policy. In this chapter, they provide evidence that pecking order theory, signalling theory and bird-in-the-hand theory complementarily explain dividends' payments.
Dividend policy, dividend theories, European comparison
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11562/958761
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