Determinants of Dividend Policy and Its impact on Russian companies Share Price Using Husaini Approach

This study describes the impact of the dividend policy of corporations whose shares are traded on the Russian stock market on the share price and, accordingly, the capitalization of these companies. The theoretical component of the fundamental works of scientists of the 20th century states that the dividend policy can not affect the change in the value of the company, since information about the data on dividends in advance lies inside the company's share price. Many researchers have proved the failure of this theory in developed and emerging markets, but nevertheless it was found that this type of research was conducted on the data of Russian companies at a basic level and was performed using simple econometric models. The purpose of this work was to expand this methodology and see how the dividend policy and the share price of companies correlate with each other.