Revisiting the dividends distribution determinants: an analysis in brazilian companies
Purpose: The present research aimed to investigate the determinants of dividend policy in Brazilian listed companies. Methodology: A descriptive research was carried out, with a quantitative approach, through documentary research. The research population comprised publicly traded companies active on...
| Autores: | , , |
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| Formato: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2018 |
| País: | Brasil |
| Recursos: | Universidade Federal do Rio Grande do Norte (UFRN) |
| Repositorio: | Revista Ambiente Contábil |
| Idioma: | portugués |
| OAI Identifier: | oai:periodicos.ufrn.br:article/14152 |
| Acesso em linha: | https://periodicos.ufrn.br/ambiente/article/view/14152 |
| Access Level: | acceso abierto |
| Palavra-chave: | Dividends. Dividend Policy. Determinants of the Payment of Dividends Dividendos. Política de Dividendos. Determinantes del Pago de los Dividendos. Dividendos. Política de Dividendos. Determinantes do Pagamento de Dividendos. |
| Resumo: | Purpose: The present research aimed to investigate the determinants of dividend policy in Brazilian listed companies. Methodology: A descriptive research was carried out, with a quantitative approach, through documentary research. The research population comprised publicly traded companies active on BM&FBovespa in 2017, with a sample of 293 companies between 2010 and 2016, totaling 1,746 observations. Results: The results showed that the profitability (RENT), the size of the company (TAM) and the distribution of dividends in the previous year (DIVANT) are the factors that contribute in a positive and significant way to the greater probability of the companies of distribution of part of their results in the form of dividends, while indebtedness (END) presented a negative and significant relationship. Contributions of the Study: This study makes an important contribution to the expansion of the financial literature, especially regarding the identification of the determinants of the dividend policy in Brazilian public companies insofar as it offers empirical results that can be compared and confronted with the contradictory results found in the literature reviewed contributing, in this way, to the current agenda of scientific production on this subject. |
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