paper tries to answer the question as to whether the increased dividend payments observed in Poland can be a symptom of … companies quoted in the years 1992–2014 on the Warsaw Stock Exchange tend towards the conclusion that the increase of dividend … dividend policy of the companies quoted on the WSE show similar tendencies to those of the developed equity markets, this may …

in favor of agency considerations. Studies centered on the May 2003 dividend tax cut confirm that differences in the …

's dividend payments: 1) the high financial distress costs associated with relationship-specific investments and 2) the … relationship between a firm's dependence on customer–supplier relationships and its dividend payments. This result is robust to … firm's customer–supplier relationship affects its dividend payments. Overall, our results suggest that a firm …

: dividend payments and tender offer proceeds. Transaction cost motives appear important, and there is some support for rational … unexpected dividend payments. This is consistent with a default choice bias, and is not due to dividend clientele effects …

We consider the optimal dividend distribution problem of a financial corporation whose surplus is modeled by a general … surplus itself through general functions. The aim is to find a dividend payout scheme that maximizes the present value of the …

incentives to spend capital on both dividend payout and make investment. …