References
- Agrawal, A. (2021). Impact of Elimination of Dividend Distribution Tax on Indian Corporate Firms amid COVID Disruptions. Journal of Risk and Financial Management, 14, 413-451. https://dx.doi.org/10.3390/jrfm14090413.
- AlGhazali, M.A. & Yilmaz, I. (2023). How COVID-19 Affected Corporate Dividend Decisions: Novel Evidence from Emerging Countries. Financial Internet Quarterly, 19(4), 25-48. https://dx.doi.org/10.2478/fiqf-2023-0025.
- Ali, H. (2022). Corporate dividend policy in the time of COVID-19: Evidence from the G-12 countries. Finance Research Letters, 46, 1-8. https://dx.doi.org/10.1016/j.frl.2021.102493.
- Black, F. (1976). The Dividend Puzzle. The Journal of Portfolio Management, 2(2), 5-8. https://dx.doi.org/10.3905/jpm.1976.408558.
- deAngelo, H., deAngelo, L. & Stulz, R. (2006). Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Life-cycle Theory. Journal of Financial Economics, 81(2), 227–254. https://dx.doi.org/10.1016/j.jfineco.2005.07.005.
- Baker, M. & Wurgler, J. (2004). A Catering Theory of Dividends. The Journal of Finance, 59 (3), 1125-1165. https://dx.doi.org/10.1111/j.1540-6261.2004.00658.x
- Bateman, R. (2020). The impact of the coronavirus on dividends. Retrieved from https://www.schroders.com/en/global/individual/insights/the-impact-of-the-coronavirus-on-dividends/ (Accessed: 31.12.2024).
- Cejnek, G., Randl, O. & Zechner, J. (2021). The COVID-19 Pandemic and Corporate Dividend Policy. Journal of Financial and Quantitive Analysis, 56(7), 2389-2410. https://dx.doi.org/10.1017/S0022109021000533.
- Cwynar, A. & Cwynar, W. (2007). Kreowanie wartości spółki poprzez długoterminowe decyzje finansowe. Polska Akademia Rachunkowości, Warszawa.
- Damodaran. (2024). Damodaran Online. Stern School of Business, New York. https://pages.stern.nyu.edu/~adamodar/New_Home_Page/data.html (Accessed: 31.12.2024).
- Easterbrook, F.H. (1984). Two Agency - Cost Explanations of Dividends. American Economic Review, 74(4), 650-659.
- Fama, E.F. & French, K.F. (2001). Disappearing dividends: Changing firm characteristics or lower propensity to pay? Journal of Financial Economics, 60(1), 3-43. https://dx.doi.org/10.1016/S0304-405X(01)00038-1.
- Frankfurter, G.M. & Wood Jr, B.G. (2002). Dividend Policy Theories and Their Empirical Tests, International Review of Financial Analysis, 11(2), 111-138.
- Gemra, K., Kwestarz, P., Rogowski, W. & Lipski, M. (2022). COVID-19 and Dividends: Evidence from Poland. E&M Economics and Management, 25(2), 93-101. https://dx.doi.org/10.15240/tul/001/2022-2-00.
- Janus Henderson Investors (2024). Global Dividend Index 44th Edition. Janus Henderson Investors, Kansas City. https://www.janushenderson.com/en-us/advisor/insights/global-dividend-index/ (Accessed: 31.12.2024).
- Jensen, M.C. (1986). Agency Costs of Free Cash Flow. Corporate Finance, and Takeovers. American Economic Review, 76(2), 323-329.
- Knight, F. (1921). Risk, Uncertainty and Profit. Augustus University of Boston Press, Boston.
- Kowerski, M. (2011). Ekonomiczne uwarunkowania decyzji o wypłatach dywidend przez spółki publiczne. Konsorcjum Akademickie. Kraków - Rzeszów - Zamość.
- Kowerski, M. (2013). Możliwości inwestycyjne a skłonność do płacenia dywidend. Bank i Kredyt, 44(6), 623-646.
- Kowerski, M. (2022a). The Geographical, Economic and Legal Regionalization of the Changes in Dividend Payments in the World. Barometr Regionalny. Analizy i Prognozy, 18(1), 39-65. https://dx.doi.org/10.56583/br.722.
- Kowerski, M. (2022b). A Number of Capital Structure Models Presented Even in Prominent Papers Are Estimated with Incorrect Estimators. Bank i Kredyt, 53(5), 475-496.
- Kowerski, M. (2024). Nonpayers also matter. On Lintner’s dividend partial adjustment model estimation. Argumenta Oeconomica, 2(53), 32-51. https://dx.doi.org/10.15611/aoe.2024.2.03.
- Kowerski, M. & Kaźmierska-Jóźwiak, B. (2022). The proposal of corporate payout modelling. Inzinerine Ekonomika- Engineering Economics, 33(1), 59-72. https://dx.doi.org/10.5755/j01.ee.33.1.28496.
- Krieger, K., Mauck, N. & Pruitt, S. (2021). The impact of the COVID-19 pandemic on dividends. Finance Research Letters, 42, 1-7. https://dx.doi.org/10.1016/j.frl.2020.10191.
- Li, K. & Zhao, X. (2008). Asymmetric information and dividend policy. Financial Management, 37(4), 673-694. https://dx.doi.org/10.1111/j.1755-053X.2008.00030.x.
- Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings and taxes. American Economic Review, 46(2), 97-113.
- Litzenberger, R. & Ramaswamy, K. (1979). The Effects of Personal Taxes and Dividends on Capital Asset Prices: Theory and Empirical Evidence. Journal of Financial Economics, 7(2), 163-196. https://dx.doi.org/10.1016/0304-405X (79)90012-6.
- Mazur, M., Dang, M. & Vo, T.T.A. (2023). Dividends and share repurchases during the COVID‐19 economic crisis. Journal of Financial Research, 46(2), 291-314. https://dx.doi.org/10.1111/jfir.12324.
- Miller, M. & Modigliani, F. (1961). Dividend Policy, Growth and Valuation of Shares. The Journal of Business, 34(4), 411-433.
- Mueller, D. (1972). A Life Cycle Theory of the Firm. Journal of Industrial Economics, 20(3), 199-219. https://dx.doi.org/10.2307/2098055.
- Myers, S.C. & Majluf, N.S. (1984). Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have. Journal of Financial Economics, 13(2), 187-221. https://dx.doi.org/10.1016/0304-405X(84)90023-0.
- Ntantamis, Ch. & Zhou, J. (2022). Corporate payout, cash holdings, and the COVID-19 crisis: Evidence from the G-7 countries. Finance Research Letters, 50, 1-11. https://dx.doi.org/10.1016/j.frl.2022.103275.
- von Eije, H. & Megginson, W. (2008). Dividends and Share Repurchases in the European Union. Journal of Financial Economics, 89(2), 347-374. https://dx.doi.org/10.1016/j.jfineco.2007.11.002.
- Zgółkowa H. (2002). Praktyczny słownik współczesnej polszczyzny, Wydawnictwo KURPISZ, Poznań.