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The impact of dividend payout ratio on future earnings growth : Evidence from Dutch non-financial listed companies

Nicolaas, Freek (2019) The impact of dividend payout ratio on future earnings growth : Evidence from Dutch non-financial listed companies.

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Abstract:In this study, the relationship between dividend payout ratio and future earnings growth is examined in the Dutch stock market. Based on a sample of 50 Dutch listed firms, ordinary least squares (OLS) regression analysis is conducted. The results give an indication of a positive relationship between the dividend payout ratio and the future earnings growth. However, this outcome is not robust. When looking at the subsamples it gives an indication that the impact is greater for bigger firms, however, this impact is not significant. Future research should further develop and confirm these initial findings by performing the analysis on a larger sample by using more observation years and different variable combinations in the regression. This study mainly contributes to the knowledge about the impact of the dividend payout ratio on future earnings growth in the Dutch market.
Item Type:Essay (Master)
Clients:
Unknown organization, Delden, Nederland
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/80211
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