The dividend policy of real estate development companies listed on the WSE in Poland

Artikel

The aim of the article is to analyze and identify the dividend policy adopted by real estate development companies listed on the WSE. The first regular dividend paid by these entities was in 2007. Only 12% of real estate companies listed on the WSE regularly paid dividends. 48% of the surveyed companies declared that their priority is development and recommended - due to the significant investment needs, and to provide liquidity - leaving their profits in the company. In 40% of the development companies, decisions regarding the distribution of profits bear the markings of residual dividend policy. The economic situation in the construction industry, observed in 2007-2013, was an important factor influencing the financial situation of these companies resulting in dividend policy decisions. Most realtor companies have taken the decision to pay dividends in the years 2008 and 2011. This means that the situation in the previous year was an important factor influencing the decisions regarding the distribution of real estate development company profit.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Journal: e-Finanse: Financial Internet Quarterly ; ISSN: 1734-039X ; Volume: 12 ; Year: 2016 ; Issue: 1 ; Pages: 67-77 ; Rzeszów: University of Information Technology and Management

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Housing Supply and Markets ; Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
• Thema: profit distribution ; real estate developer ; the payout policy principles ; economic cycle in construction

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gostkowska-Drzewicka, Magdalena
• Ereignis: Veröffentlichung
• (wer): University of Information Technology and Management
• (wo): Rzeszów
• (wann): 2016

Weitere Informationen

• DOI: doi:10.14636/1734-039X_12_1_007
• Handle: http://hdl.handle.net/10419/197428
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ