The Relationship Between Dividend Policy and Debt Burden of Russian Non-financial Companies

Student: Savina Olga

Educational Programme: Financial Engineering (Master)

Year of Graduation: 2021

Currently, the dividend policy remains one of the key corporate governance tools. At the same time, the dividend policy greatly depends on the level of debt burden. On the one hand, when determining the amount of dividends to be distributed to shareholders, it is essential for companies to take into account the level of debt burden and the need to repay obligations on time, on the other hand, the desire to maintain stable dividend payouts can lead to debt raising. Moreover, during times of the COVID-19 crisis the relationship between dividend policy and debt is of utmost importance.

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