Determinants of Dividend Policy and Its Impact on the Market Value of the Company

Student: Shchetnikova Alina

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Finance (Master)

Year of Graduation: 2020

The company's dividend policy is one of the most important aspects of financial decisions of firms. Despite the existence of a wide range of theories and views, there is still no consensus among researchers about why companies pay dividends and what determines their decisions. It is generally accepted that the dividend policy is a tool for creating the market value of the company, however, the market reaction to the dividend policy is not always unambiguous. This study attempts to analyze the dividend policy factors of Russian companies and their ability to create market value.

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