Dividend Changes and Future Earning Evidence from Oil and Gas Market

Student: Belikova Tamara

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2020

his study aims to identify the relationship between the change in the amount of dividend payment and its effect on future changes in the amount of income. If there is a connection, it is also worth understanding the sign of correlation between these two values. For observation were taken 16 countries and indicators of 90 companies over 5 years, from 2015-2019. The panel data model was used in the analysis, which was tested by different methods and different combinations of variables to obtain the best result. As a result of this work, it could be concluded that there is a direct positive relationship between the two tested components.

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