Revisiting the dividends distribution determinants: an analysis in brazilian companies

Authors

DOI:

https://doi.org/10.21680/2176-9036.2019v11n1ID14152

Keywords:

Dividends. Dividend Policy. Determinants of the Payment of Dividends

Abstract

Purpose: The present research aimed to investigate the determinants of dividend policy in Brazilian listed companies.

Methodology: A descriptive research was carried out, with a quantitative approach, through documentary research. The research population comprised publicly traded companies active on BM&FBovespa in 2017, with a sample of 293 companies between 2010 and 2016, totaling 1,746 observations.

Results: The results showed that the profitability (RENT), the size of the company (TAM) and the distribution of dividends in the previous year (DIVANT) are the factors that contribute in a positive and significant way to the greater probability of the companies of distribution of part of their results in the form of dividends, while indebtedness (END) presented a negative and significant relationship.

Contributions of the Study: This study makes an important contribution to the expansion of the financial literature, especially regarding the identification of the determinants of the dividend policy in Brazilian public companies insofar as it offers empirical results that can be compared and confronted with the contradictory results found in the literature reviewed contributing, in this way, to the current agenda of scientific production on this subject.

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Author Biographies

Maurício Leite, Universidade Regional de Blumenau

Mestre em Ciências Contábeis

Nadia Mar Bogoni, Universidade Regional de Blumenau

Mestre em Ciências Contábeis

Nelson Hein, Universidade Regional de Blumenau

Doutor em Engenahria de Produção

Professor do Programa de Pós-Graduação em Ciências Contábeis e Administração

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Published

19-11-2018

How to Cite

LEITE, M.; BOGONI, N. M.; HEIN, N. Revisiting the dividends distribution determinants: an analysis in brazilian companies. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte, [S. l.], v. 11, n. 1, p. 58–76, 2018. DOI: 10.21680/2176-9036.2019v11n1ID14152. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/14152. Acesso em: 24 nov. 2024.

Issue

Vol. 11 No. 1 (2019): Jan./Jun.

Section

Section 1: Accounting Applied to the Business Sector (S1)

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