DIVIDEND POLICY AND STAKEHOLDERS’ CONFLICTING EXPECTATIONS

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Published:
Jul 1, 2018
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No. 19(68) (2018)
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Gabriela Łukasik
Uniwersytet Ekonomiczny w Katowicach
Joanna Błach
Uniwersytet Ekonomiczny w Katowicach

DOI: https://doi.org/10.22630/PEFIM.2018.19.68.10
Keywords : profit distribution, dividend policy, conflicts of interest, stakeholders.
Abstract
The dividend policy is related to the problem of net profit distribution and determining the relative proportions of funds transferred to shareholders and reinvested in the company. This problem is widely discussed in the literature focusing on the models of dividend policy and their importance for the company valuation. The article presents the elements of the dividend policy under the condition of conflicts of interest among different stakeholders with regard to the assumptions of the theory and business practice. Its main objective is to assess the extent and scope of conflicts of interest affecting the dividend policy in the company. Theoretical studies have revealed the potential areas of conflicts of interest in the company related to the dividend policy. Empirical research based on the selected listed companies aimed at identification of factors that may be relevant to the reduction of the conflicts of interest within the dividend policy of a company.

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How to Cite
Łukasik, G., & Błach, J. (2018). DIVIDEND POLICY AND STAKEHOLDERS’ CONFLICTING EXPECTATIONS. The Scientific Journal European Policies, Finance and Marketing, (19(68), 107–121. https://doi.org/10.22630/PEFIM.2018.19.68.10
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