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Påverkar utdelningar värderingen?

Petersson, Mattias LU (2023) NEKH02 20222
Department 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.
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author
Petersson, Mattias LU
supervisor
organization
alternative title
Does dividends affect firm valuation?
course
NEKH02 20222
year
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}},
}