Dividend policy of leading state-owned enterprises in Poland
- DOI
- 10.2991/icseal-19.2019.16How to use a DOI?
- Keywords
- Leading enterprises, dividend policy, state-owned enterprises, Poland
- Abstract
Dividend policy has been the leading topic for researchers for over half a century and is the subject of scientific investigation both in theoretical and empirical terms. However, empirical studies have not yet provided support for any particular theory. In our paper, we analyse the dividend policy of the leading state–owned enterprises in Poland. Our results indicate the dependence of the dividend policy on the broader economic policy of the state. Enterprises with the participation of the state–owned enterprises are treated as institutions implementing the policy objectives of the government. This leads to many paradoxes, as far as stock market investors expect accumulation of profits that are paid out in the form of dividends. The scientific added value of this paper is an attempt to verify the most popular dividend theories in the case of the state–owned enterprises in Poland.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Radosław Pastusiak AU - Magdalena Jasiniak PY - 2019/05 DA - 2019/05 TI - Dividend policy of leading state-owned enterprises in Poland BT - Proceedings of the 3rd International Conference on Social, Economic, and Academic Leadership (ICSEAL 2019) PB - Atlantis Press SP - 86 EP - 92 SN - 2352-5398 UR - https://doi.org/10.2991/icseal-19.2019.16 DO - 10.2991/icseal-19.2019.16 ID - Pastusiak2019/05 ER -