Have a personal or library account? Click to login
High Propensity to Pay Dividends By State-Controlled Companies in Poland. Tunneling or Maturity Effect? Cover

High Propensity to Pay Dividends By State-Controlled Companies in Poland. Tunneling or Maturity Effect?

Open Access
|Feb 2017

References

  1. Adamczyk, C. (2014). Kapitał zagraniczny dominuje w regionie, 500 największych fi rm Europy Środkowo - Wschodniej. Rzeczpospolita, Wrzesień, p. 18-19.
  2. Cameron, A.C., Trivedi, P.K. (2013). Regression Analysis of Count Data. Cambridge: Cambridge University Press.10.1017/CBO9781139013567
  3. Cramer, J.S. (1999). Predicti ve Performance of the Binary Logit Model in Unbalanced Samples. Journal of the Royal Stati sti cal Society: Series D (The Stati sti cian), 48(1), 85-94.
  4. Damodaran, A. (2007). Finanse korporacyjne. Teoria i praktyka. Wydanie II. Gliwice: Helion.
  5. DeAngelo, H., DeAngelo, L., Stulz, R. (2006). Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory. Journal of Financial Economics, 81(2), 227-254.10.1016/j.jfineco.2005.07.005
  6. Deloitt e CE TOP 500 (2014). Retrieved from http://www.deloitte.com/pl/cetop500.
  7. Easterbrook, F.H. (1984). Two Agency - Cost Explanati ons of Dividends. American Economic Review, 74(4), 650-659.
  8. Fama, E.F., French, K.F. (2001). Disappearing Dividends: Changing Firm Characteristi cs or Lower Propensity to Pay? Journal of Financial Economics, 60(1), 3-43.10.1016/S0304-405X(01)00038-1
  9. Grullon, G., Michaely, R., Swaminathan, B. (2002). Are Dividends Changes a Sign of Firm Maturity? Journal of Business, 75(3), 387-424.10.1086/339889
  10. Gruszczyński, M. (2002). Modele i prognozy zmiennych jakościowych w fi nansach i bankowości. Warszawa: Ofi cyna Wydawnicza Szkoły Głównej Handlowej w Warszawie.
  11. Gugler, K. (2003). Corporate Governance, Dividend Payout Policy, and the Interrelati on between Dividends, R&D and Capital Investment. Journal of Banking & Finance, 27(7), 1297-1321.10.1016/S0378-4266(02)00258-3
  12. Hedensted, J.S., Raaballe, J. (2008). Dividend Determinants in Denmark. Working Paper, University of Aarhus. Retrieved from htt p://ssrn.com/abstract=1123436.
  13. Jensen, M.C. (1986). Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers. American Economic Review, 76(2), 323-329.
  14. Jensen, M.C., Meckling, W. (1976). Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305-360.10.1016/0304-405X(76)90026-X
  15. Johnson, S., La Porta, R., Lopez-de-Silanes, F., Shleifer, A. (2000). Tunneling. American Economic Review Papers and Proceedings, 90(2), 22-27.10.1257/aer.90.2.22
  16. King, G., Zeng, L. (2001). Logisti c Regression in Rare Events Data. Politi cal Analysis, 9(2), 137-163.10.1093/oxfordjournals.pan.a004868
  17. Kowerski, M. (2011). Ekonomiczne uwarunkowania decyzji o wypłatach dywidend przez spółki publiczne. Kraków- Rzeszów-Zamość: Wydawnictwo Konsorcjum Akademickie.
  18. Kowerski, M. (2013). Dywidenda a wynik fi nansowy w ostatnim roku obrotowym. Prace Uniwersytetu Ekonomicznego we Wrocławiu 291, 278-288.
  19. Lam, K., Sami, H., Zhou, H. (2012). The Role of Cross-listing, Foreign Ownership and State Ownership in Dividend Policy in an Emerging Market. China Journal of Accounting Research, 5(3), 199-216.10.1016/j.cjar.2012.06.001
  20. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., Vishny, R. (1999). Corporate Ownership Around the World. The Journal of Finance, LIV(2), 471-516.10.1111/0022-1082.00115
  21. Lee, C-W, J., Xiao, X. (2004). Tunneling Dividends. Retrieved from http://ssrn.com/abstract=693361.
  22. Lintner, J. (1956). Distributi on of Incomes of Corporati on Among Dividends, Retained Earnings and Taxes. American Economic Review, 46(2), 97-113.
  23. Li, S., Chen, W., Chen, C. (2013). Tunneling or Alignment? The Interacti on between Shareholding Rati os, Control Shareholders Behavior and Firm Performance in a Transiti onal Economy - Evidence from China. Albuquerque, New Mexico, USA, Southwestern Finance Associati on Annual Conference.
  24. Maddala, G.S. (2006). Ekonometria. Warszawa: PWN.
  25. Owczarczuk, M. (2012). Modele ze zmienną ukrytą. In M. Gruszczyński (Ed.), Mikroekonometria. Modele i metody analizy danych indywidualnych (pp. 63-70). Warszawa: Oficyna Wolters Kluwer Business.
  26. Szilagyi, G., Renneboog, L. (2008). How Relevant is Dividend Policy Under Low Shareholder Protecti on? ECGI - Finance Working Paper 128. Retrieved from http://ssrn.com/abstract=925190.
  27. Truong, T., Heaney, R. (2007). Largest Shareholder and Dividend Policy Around the World. The Quarterly Review of Economics and Finance, 47(5), 667-687.10.1016/j.qref.2007.09.002
  28. Wang, X., Manry, D., Wandler, S. (2011). The Impact of Government Ownership on Dividend Policy in China. Advances in Accounti ng, incorporati ng Advances in Internati onal Accounti ng, 27(2), 366-372.10.1016/j.adiac.2011.08.003
  29. Witkowski, B. (2012). Modele danych panelowych. In M. Gruszczyński (Ed.), Mikroekonometria. Modele i metody analizy danych indywidualnych (pp. 267-308). Warszawa: Ofi cyna Wolters Kluwer Business.
Language: English
Page range: 64 - 73
Submitted on: May 26, 2015
|
Accepted on: Mar 8, 2016
|
Published on: Feb 8, 2017
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2017 Mieczysław Kowerski, published by University of Information Technology and Management in Rzeszow
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.