The Influence of Competitive Strategy Type of Retail Companies on Dividend Policy

Student: Serdiukova Elena

Educational Programme: Business Strategies: Management and Consulting (Master)

Year of Graduation: 2019

This study assumes, that competitive strategies can affect dividend policy of the company. The research was implemented on the public retail companies located in Asian developed countries in a period from 2009 to 2018. The results of the study show, that companies with differentiation type of competitive strategies tend to pay more dividends per shares, than leaders in costs. Moreover, it was found that size, profitability and revenue growth have the positive relation with dividend payments. At the same time, leverage has the negative impact on dividend payments. This study has theoretical as well as the practical implementation. It can help to the researchers to better understand the relation between competitive strategy and dividend policy. Also, it can be useful for investors while deciding which investment is going to be more profitable.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses