Η σχέση ανάμεσα στη μερισματική πολιτική και παρακρατηθέντα κέρδη
The relation between dividend policy and earned capital
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Keywords
Μερισματική πολιτική ; Μερίσματα ; Παρακρατηθέντα κέρδη ; Αξία επιχείρησης ; Μερισματική απόδοση ; Κέρδη μετοχών ; Επαναγορά ιδίων μετοχών ; Dividend policy ; Retained earnings ; Firm value ; Dividend yield ; Shareholder's earnings ; Stock repurchasingAbstract
This thesis examines empirically the relation between dividend policy and the earned capital, of Nyse and Nasdaq listed firms during the 2000 – 2017 period. It starts with a review of the dividend theory. Then, the studies of Fama and French (2001) and DeAngelo et al. (2006) are being examined upon which the empirical study is based. This thesis ends, with empirical results on the relation between dividend policy and the earned capital, based on firm’s profitability, growth, size, investment opportunities and capital structure.