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Pregled bibliografske jedinice broj: 1034948

Applicability of the firm life cycle theory of dividends on Croatian capital market


Miletić, Marko
Applicability of the firm life cycle theory of dividends on Croatian capital market // Journal of WEI Business and Economics, 4 (2015), 3; 18-24 (međunarodna recenzija, članak, znanstveni)


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Naslov
Applicability of the firm life cycle theory of dividends on Croatian capital market

Autori
Miletić, Marko

Izvornik
Journal of WEI Business and Economics (2168-7315) 4 (2015), 3; 18-24

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
dividends, stock market, firm life cycle theory of dividends

Sažetak
There is a large number of determinants that affect the decision about dividends. The purpose of this paper is to investigate the influence of determinates that can be assigned to the firm life cycle theory of dividends on company dividend decision on Croatian stock market. The firm life cycle theory of dividends is based on the notion that as a firm matures, its ability to generate cash overtakes its ability to find profitable investment opportunities. Eventually, the optimal choice for the firm is to distribute its free cash flow to shareholders. Linear panel model with random-effects and discriminant analysis is used to investigate applicability of the firm life cycle theory of dividends. Linear panel model is used to identify the determinants of the firm life cycle theory of dividends that are statistically significant and can be applicable on Croatian companies. Results are mixed. Investment possibilities have significant positive effect on dividends which is opposite to the firm life cycle theory of dividends, and the ratio of retained earnings to total equity has a significant positive effect on dividend decisions, which is in contrast to firm life cycle theory of dividends. Discriminant analysis showed that companies that pay and don’t pay dividends are significantly different in four of six variables which can be assigned to the firm life cycle theory of dividend.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Ustanove:
Sveučilište u Splitu Sveučilišni odjel za stručne studije

Profili:

Avatar Url Marko Miletic (autor)

Citiraj ovu publikaciju

Miletić, Marko
Applicability of the firm life cycle theory of dividends on Croatian capital market // Journal of WEI Business and Economics, 4 (2015), 3; 18-24 (međunarodna recenzija, članak, znanstveni)
Miletić, M. (2015) Applicability of the firm life cycle theory of dividends on Croatian capital market. Journal of WEI Business and Economics, 4 (3), 18-24.
@article{article, author = {Mileti\'{c}, M.}, year = {2015}, pages = {18-24}, keywords = {dividends, stock market, firm life cycle theory of dividends}, journal = {Journal of WEI Business and Economics}, volume = {4}, number = {3}, issn = {2168-7315}, title = {Applicability of the firm life cycle theory of dividends on Croatian capital market}, keyword = {dividends, stock market, firm life cycle theory of dividends} }
@article{article, author = {Mileti\'{c}, M.}, year = {2015}, pages = {18-24}, keywords = {dividends, stock market, firm life cycle theory of dividends}, journal = {Journal of WEI Business and Economics}, volume = {4}, number = {3}, issn = {2168-7315}, title = {Applicability of the firm life cycle theory of dividends on Croatian capital market}, keyword = {dividends, stock market, firm life cycle theory of dividends} }

Uključenost u ostale bibliografske baze podataka:


  • ABI/INFORM
  • J-Gate
  • JournalSeek
  • Indeks Copernicus International





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