Miért (nem) fizetnek osztalékot a vállalatok? : osztalékpolitikai és részvény-visszavásárlási elméletek

Szládek, Dániel: Miért (nem) fizetnek osztalékot a vállalatok? : osztalékpolitikai és részvény-visszavásárlási elméletek. Móra Akadémia, (7). pp. 88-104. (2019)

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Abstract

The way companies return cash to their shareholders has changed considerably in recent decades. After changes in the legislation, share repurchases or buybacks have gained prominence, while dividends have somewhat lost their role as the main payout method. I intend to explore the reasons of this shift in payout policy. In this paper, I focus on the theoretical background of payout policy. Besides surveying the main theories related to dividends and share repurchases, I introduce the different ways companies can buy their shares back. Data indicating the emergence of share repurchases are also presented, while empirical studies testing the theories are discussed as well. The aim of this paper is to find out why share repurchases have become popular, and to reveal unanswered questions of the topic, which point to future research possibilities.

Item Type: Article
Other title: Why do (not) companies pay dividends? : theories related to dividends and share repurchases
Journal or Publication Title: Móra Akadémia
Date: 2019
Volume: 7
Page Range: pp. 88-104
ISSN: 2064-809X
Heading title: Gazdaságtudomány
Uncontrolled Keywords: Vezetés - vállalati, Vállalati politika
Additional Information: Bibliogr.: p. 101-103. és a lábjegyzetekben ; összefoglalás angol nyelven
Date Deposited: 2019. Nov. 13. 11:45
Last Modified: 2019. Nov. 13. 11:45
URI: http://acta.bibl.u-szeged.hu/id/eprint/62348

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