Påverkar utdelningar värderingen?
(2023) NEKH02 20222Department of Economics
- Abstract
- The purpose of this paper is to investigate whether dividends have an impact on the valuation of firms. A classic framework deeming dividends irrelevant given certain assumptions provides a rationale for investigating the subject following deviations from such assumptions. To answer the question data consisting of 222 firms listed on the Swedish stock exchange were collected and subsequently used to perform a regression analysis. The result indicates that dividends have a significantly negative impact on firm value, consistent with the notion that they may be relevant when certain assumptions are not met. With regards to the sign, tax reasoning appears to be the main factor.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9109325
- author
- Petersson, Mattias LU
- supervisor
- organization
- alternative title
- Does dividends affect firm valuation?
- course
- NEKH02 20222
- year
- 2023
- type
- M2 - Bachelor Degree
- subject
- keywords
- Firm value, dividends, agency theory, signaling, dividend irrelevance.
- language
- Swedish
- id
- 9109325
- date added to LUP
- 2023-05-29 12:03:33
- date last changed
- 2023-05-29 12:03:33
@misc{9109325, abstract = {{The purpose of this paper is to investigate whether dividends have an impact on the valuation of firms. A classic framework deeming dividends irrelevant given certain assumptions provides a rationale for investigating the subject following deviations from such assumptions. To answer the question data consisting of 222 firms listed on the Swedish stock exchange were collected and subsequently used to perform a regression analysis. The result indicates that dividends have a significantly negative impact on firm value, consistent with the notion that they may be relevant when certain assumptions are not met. With regards to the sign, tax reasoning appears to be the main factor.}}, author = {{Petersson, Mattias}}, language = {{swe}}, note = {{Student Paper}}, title = {{Påverkar utdelningar värderingen?}}, year = {{2023}}, }