Dividendų politikos veiksniai Nasdaq listinguojamose įmonėse

LTTyrimo problema kokie veiksniai ir kokį poveikį turi įtakos dividendų mokėjimui Nasdaq Baltic vertybinių popierių biržoje listinguojamoms įmonėms. Tyrimo tikslas – įvertinus teorinius dividendų politikos aspektus ištirti dividendų mokėjimo veiksnius Nasdaq Baltic vertybinių popierių biržoje listinguojamose įmonėse. Tyrimo uždaviniai: 1. Apibūdinti dividendų politikos sampratą. 2. Išanalizuoti dividendų politikos veiksnius bei jų ištirtumą. 3. Parengti dividendų politikos veiksnių empirinio tyrimo metodiką. 4. Apibendrinti tyrimo rezultatus ir palyginti su kitų autorių atliktais tyrimais. Tyrimo objektas: dividendų mokėjimo veiksniai [p. 250].

ENThis article examines the determinants of dividend policy in Nasdaq-listed companies in the period 2017–2021. The aim of the research is to examine the factors of dividend payment in companies listed on the Nasdaq Baltic Stock Exchange after evaluating the theoretical aspects of the dividend policy. The analysis of scientific literature showed that the main factors of the company’s dividend payment are: financial leverage, liquidity, return on equity, company size, age. The author uses binary logistic regression. The results of the conducted research showed that 50 out of 62 companies listed on the Nasdaq Baltic stock exchange pay dividends. It was established that liquidity and financial leverage in the analyzed companies had no significant influence on the payment of dividends. Return on equity is a significant quantity, companies with higher return on equity, the more likely the company will pay dividends. The most significant variable and the one that has the greatest impact on dividend payout is company size, so this indicator has a large effect. A large effect of not paying dividends in 2020 was also seen, presumably due to the COVID-19 pandemic. Keywords: dividend policy, companies listed on the Nasdaq Baltic stock exchange, liquidity, financial leverage, company size, company age, return on equity.