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Assessment of the dividend policy on the basis of cash flow statement - empirical research (Ocena polityki wyplaty dywident z wykorzystaniem rachunku przeplywow pienieznych - badania empiryczne)

Author

Listed:
  • Bogumila Brycz

    (Politechnika Wroclawska)

  • Marek Pauka

    (Uniwersytet Ekonomiczny we Wroclawiu)

Abstract

Polish listed companies more often introduce the habit of paying regular dividends. The aim of the article is to assess the dividend policy on the basis of cash flow statement as well as to identify the sources of financing the dividends. The authors conducted the analysis on the basis of the cash flow of 23 companies listed on the Warsaw Stock Exchange which regularly paid dividends in the years of 2006-2010.

Suggested Citation

  • Bogumila Brycz & Marek Pauka, 2011. "Assessment of the dividend policy on the basis of cash flow statement - empirical research (Ocena polityki wyplaty dywident z wykorzystaniem rachunku przeplywow pienieznych - badania empiryczne)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 9(34), pages 32-40.
    • Handle: RePEc:sgm:pzwzuw:v:9:i:34:y:2011:p:32-40
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    References listed on IDEAS

    as
    1. Miller, Merton H & Rock, Kevin, 1985. "Dividend Policy under Asymmetric Information," Journal of Finance, American Finance Association, vol. 40(4), pages 1031-1051, September.
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