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L'incitation des dirigeants à distribuer de la valeur créée est-elle liée à une prime de dividende positive ?

Author

Listed:
  • Kamal Anouar

    (GRM - Groupe de Recherche en Management - EA 4711 - UNS - Université Nice Sophia Antipolis (1965 - 2019) - IAE Toulon - Institut d'Administration des Entreprises (IAE) - Toulon - UTLN - Université de Toulon)

Abstract

Cet article propose d'étudier -à travers des régressions multiples sur des données agrégées de panel- l'apport de l'imperfection comportementale dans la compréhension de la décision de distribution de la valeur créée aux profits des actionnaires des entreprises du SBF 250 entre 1990 et 2010. Les résultats obtenus montrent que le comportement de distribution des dirigeants des entreprises nouvellement introduites au SBF250 sur toute la période allant de 1990 et 2010 est impacté significativement et positivement par la prime de dividendes que les investisseurs attribuent aux entreprises distributrices.

Suggested Citation

  • Kamal Anouar, 2013. "L'incitation des dirigeants à distribuer de la valeur créée est-elle liée à une prime de dividende positive ?," Working Papers halshs-00796406, HAL.
  • Handle: RePEc:hal:wpaper:halshs-00796406
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00796406v1
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    References listed on IDEAS

    as
    1. Eugene F. Fama & Kenneth R. French, 2001. "Disappearing Dividends: Changing Firm Characteristics Or Lower Propensity To Pay?," Journal of Applied Corporate Finance, Morgan Stanley, vol. 14(1), pages 67-79, March.
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