DIVIDEND POLICY AND VALUE OF THE FIRM: IS DIVIDEND RELEVANT OR NOT?
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Abstract
Description
This study examines the possible effects of dividend policy on firm value. The study covers 10 quoted companies
studied for the period of 1995 - 2015. In so doing, the methodology adopted is the ordinary least square
regression analysis for primary data analyses and multiple regression analysis for the secondary data analyses
with models MPS (Market Price per Share) as dependent variable, EPS (Earnings per Share) and DPS
(Dividend Per Share) as independent variables. The study shows the relevance of dividend as a signaling model
and proves that firm value is greatly influenced by dividend policy as far as public limited companies are
concerned.
Keywords
H Social Sciences (General), HB Economic Theory