Dividend Policy Models and Possibilities of Their Utilization in the Conditions of a Particular Country – Assessment and Proposals

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dc.contributor.authorBělušová, Kristýnacs
dc.contributor.authorBrychta, Karelcs
dc.coverage.issue1cs
dc.coverage.volume11cs
dc.date.issued2021-03-25cs
dc.description.abstractThe aim of this paper is to describe and compare the existing models of the dividend policy and consequently to present general considerations related to the establishment of a dividend policy model for a particular country (when presenting some specific features for the Czech Republic). The comparison presented in this paper includes 18 existing dividend policy models. Based on the analysis, it may be stated that the models can be divided into two basic groups. The first category of models is aimed at assessing the effect of tax rates on the dividend policy. The second category of models aims at determining the factors affecting the dividend policy. A number of common considered factors may be identified in all the examined models, such as the tax rate on dividends and capital gains, profit/profitability, or debt ratios. Based on the synthesis of the knowledge gained, the authors identified several categories of variables that shall be taken into consideration when creating a dividend policy model for a particular country, namely: general categories aimed at general description of the subject, profitability indicators, indicators of indebtedness, cash and liquidity indicators, assessment of investment opportunities, ownership indicators, tax aspects indicators and relevant category variables.en
dc.formattextcs
dc.format.extent74-85cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationHradec Economic Days. 2021, vol. 11, issue 1, p. 74-85.en
dc.identifier.doi10.36689/uhk/hed/2021-01-007cs
dc.identifier.issn2464-6067cs
dc.identifier.orcid0000-0002-7776-7571cs
dc.identifier.orcid0000-0002-9184-1598cs
dc.identifier.other170944cs
dc.identifier.researcheridI-2120-2018cs
dc.identifier.scopus36975017700cs
dc.identifier.urihttp://hdl.handle.net/11012/203215
dc.language.isoencs
dc.publisherUniversity of Hradec Královécs
dc.relation.ispartofHradec Economic Dayscs
dc.relation.urihttps://digilib.uhk.cz/handle/20.500.12603/485cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2464-6067/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectCzech Republicen
dc.subjectdividend policyen
dc.subjectdividend policy modelsen
dc.subjectestablishing dividend policy modelen
dc.titleDividend Policy Models and Possibilities of Their Utilization in the Conditions of a Particular Country – Assessment and Proposalsen
dc.type.driverconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-170944en
sync.item.dbtypeVAVen
sync.item.insts2024.05.22 15:46:18en
sync.item.modts2024.05.22 15:13:50en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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