University of Twente Student Theses
Determinants of dividend policy in the Netherlands
Kahraman, M. (2021) Determinants of dividend policy in the Netherlands.
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| Abstract: | This study examines the determinants of dividend policy of 65 Dutch firms listed on the Euronext Amsterdam from 2016 to 2019. This study contributes to solving a piece of the dividend puzzle in a Dutch setting. Both the probability as well as the intensity of paying dividends are investigated. This study finds that there are different determinants for the probability of paying a dividend and for the payout intensity. Overall, the results show that, compared to non-dividend payers, dividend paying Dutch companies are more profitable, have a lower ownership concentration and are larger in size. Additionally, the dividend paying Dutch companies who payout a larger amount of dividend relative to their total assets, have a higher profitability, ownership concentration and growth/investment opportunities, and have lower levels of free cash flow and debt ratios compared to Dutch companies who payout lower levels of dividend relative to their total assets. |
| Item Type: | Essay (Master) |
| Faculty: | BMS: Behavioural, Management and Social Sciences |
| Subject: | 83 economics, 85 business administration, organizational science |
| Programme: | Business Administration MSc (60644) |
| Link to this item: | https://purl.utwente.nl/essays/87683 |
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