文章基本信息

标题：O que revelam os estudos realizados no Brasil sobre política de dividendos?
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作者：Andressa Iovine Martins ; Rubens Famá
期刊名称：RAE - Revista de Administração de Empresas
印刷版ISSN：2178-938X
出版年度：2012
卷号：52
期号：1
页码：24-39
语种：Portuguese
出版社：RAE - Revista de Administração de Empresas
摘要：This paper consists of a review of the literature about dividend policy in Brazil, focusing on the empirical studies conducted from 1990 to 2010 that were published in major Brazilian administration, accounting and finance journals and major conference proceedings on this subject. The analyzed sample comprised 39 studies using various methods and conducted in various periods. Based on the model of Harris and Raviv (1991), this paper grouped studies according to model type, and it found five main categories. We were able to find some tendencies, such as: dividend policy relevance in the Brazilian market; confirmation of existence of agency problems; conflicting findings regarding the clientele hypothesis; tax signaling in, and tax impact on, defining dividend policy; non-conflicting findings regarding key factors of dividend policy.
其他摘要：This paper consists of a review of the literature about dividend policy in Brazil, focusing on the empirical studies conducted from 1990 to 2010 that were published in major Brazilian administration, accounting and finance journals and major conference proceedings on this subject. The analyzed sample comprised 39 studies using various methods and conducted in various periods. Based on the model of Harris and Raviv (1991), this paper grouped studies according to model type, and it found five main categories. We were able to find some tendencies, such as: dividend policy relevance in the Brazilian market; confirmation of existence of agency problems; conflicting findings regarding the clientele hypothesis; tax signaling in, and tax impact on, defining dividend policy; non-conflicting findings regarding key factors of dividend policy.
关键词：Dividends;dividend policy;returns;bibliography;finances;Dividendos;política de dividendos;beneficios;producción bibliográfica;finanzas;Dividendos;política de dividendos;proventos;produção bibliográfica;finanças
其他关键词：Dividends; dividend policy; returns; bibliography; finances