University of Twente Student Theses


Is innovativeness an additional determinant for dividend payout?

Seltmann, D. (2015) Is innovativeness an additional determinant for dividend payout?

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Abstract:This paper investigates the determinants of dividend payout for U.S. and German firms, with special attention to innovativeness. Therefore a regression analysis is made including R&D-revenue ratio, firm size, profitability, growth opportunities and debt-to-equity ratio. Furthermore, a comparison of the regression coefficients for innovativeness was made to investigate, if there is a difference between both countries. After running the regression analysis based on the gathered data, the results show a partially significant negative impact of innovativeness on dividend payout for U.S. firms in the years 2008 and 2010, whereby no significant relationship for the total time span was found, using pooled data. The difference between the regression coefficients for both countries for the total time span is not significant, whereby for the years 2008 and 2010 a significant difference was found. In general all variables only show significant results for one part of the sample and therefore only partially confirm previous studies.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
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