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Influence of Investment Projects on Dividend Policy of a Company in Conditions of Fuzzy Information

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  • Jabłoński Bartłomiej

    (Ph.D. University of Economics in Katowice Faculty of Finance and Insurance Department of Investments and Real Estate 1 Maja 50, 40-287 Katowice, Poland)

Abstract

This article describes the problem of using fuzzy logic in the forecasts of variants of the results of implemented investment projects. It also shows the possibility of using calculations with the application of fuzzy triangular numbers L-R in the variants of results: an optimistic result, a pessimistic result and the most probable result (the central result). Moreover, the article draws attention to the possibility of using fuzzy numbers to estimate fuzzy risk of a forecasted financial result of a company. In addition, the article presents how a dividend may be shaped in consideration of multiplicity of variants if dividend policy takes into account dependence on company results as well as implemented investment projects.

Suggested Citation

  • Jabłoński Bartłomiej, 2012. "Influence of Investment Projects on Dividend Policy of a Company in Conditions of Fuzzy Information," Folia Oeconomica Stetinensia, Sciendo, vol. 11(1), pages 86-96, January.
    • Handle: RePEc:vrs:foeste:v:11:y:2012:i:1:p:86-96:n:8
    DOI: 10.2478/v10031-012-0016-7
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    References listed on IDEAS

    as
    1. H. Baker & Gary Powell & E. Veit, 2002. "Revisiting managerial perspectives on dividend policy," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 26(3), pages 267-283, September.
    2. Marsh, Terry A & Merton, Robert C, 1987. "Dividend Behavior for the Aggregate Stock Market," The Journal of Business, University of Chicago Press, vol. 60(1), pages 1-40, January.
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