PL EN


2009 | 226 |
Article title

Wpływ polityki dywidendy na stopę zwrotu z akcji na polskim rynku kapitałowym

Content
Title variants
PL
Dividend Policy and Stock Returns in the Polish Capital Market
Languages of publication
Abstracts
EN
This study presents empirical evidence on the profitability of an investment strategy focused on high dividend yield stocks from the Warsaw Stock Exchange. We construct the portfolios of top 10 highest dividend yielding companies, which are rebalanced annually over the period of 1997-2007. The results demonstrate that such portfolios are capable of beating the market (represented by the WIG20 index) in the entire analyzed sample, however this has not been happening consistently in all sub-periods. Therefore, this type of investment should be viewed as a long-term rather than a short-term strategy.
Keywords
Year
Volume
226
Physical description
Dates
published
2009
References
Document Type
Publication order reference
Identifiers
URI
http://hdl.handle.net/11089/7713
YADDA identifier
bwmeta1.element.hdl_11089_7713
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