LOWER RISKS - HIGHER DIVIDENDS? EXAMINING THE RELATION OF BETA TO DIVIDEND PROPORTION ON THE BUDAPEST STOCK EXCHANGE, 1997-2007 (Hungarian tite - below)

• Authors: Fazekas Gergely , Juhasz Peter
• Languages of publication: HU

Abstracts

EN

(Title in Hungarian - 'Alacsonyabb kockazat - nagyobb osztalek? A reszvenykockazat es az osztalekfizetesi hanyad kapcsolatanak vizsgalata a Budapesti Ertektozsden, 1997-2007'). According to results in the literature on dividend policy, there is a connection between firms' dividend payout ratio and their market risk of them - riskier companies pay out less of their profits to their shareholders. The authors' research into the Hungarian stock-market yields similar findings. With each method used, correlation, factor and cluster analysis shows that firms with lower beta typically pay higher dividends, while riskier stocks have a lower pay-out ratio.

Keywords

EN

INFORMATION AND MARKET EFFICIENCY; PAYOUT POLICY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Committee for Economic Sciences of the Hungarian Academy of Sciences
• Journal: Kozgazdasagi Szemle (Economic Review)
• Year: 2009
• Volume: 56
• Issue: 4
• Pages: 322-342
• Document type: ARTICLE

Contributors

author

Fazekas Gergely

author

Juhasz Peter

• Gergely Fazekas, no address given, contact the journal editor

Identifiers

CEJSH db identifier

10HUAAAA078732