Payout Policy in Knowledge Intensive Firms in an Emerging Capital Markets

Student: Melnikova Nadezhda

Educational Programme: Corporate Finance (Master)

Year of Graduation: 2017

In this work, we study policy payments innovative companies from developing countries. Analyzes the determinants of this policy and allocated to principal, one of which is capital structure. In previous studies on the impact of capital structure on dividend payout, innovative companies produced mixed results. Therefore, in this paper, we investigate the presence of bilateral relationships between policy benefits and policy financing. This study uses a broad sample of six developing countries over the period from 2009 to 2015. The obtained results on the emerging capital markets compared with the results in the us market that allows making a conclusion about the existence of bilateral dependence between the considered policies.

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