haku: @journal_id 1090 / yhteensä: 204
viite: 20 / 204
| Tekijä: | Mramor, D. |
| Otsikko: | Dividend policy: western countries and Slovenia |
| Lehti: | Slovenska ekonomska revija
1995 : VOL. 47:3, p. 191-202 |
| Asiasana: | |
| Vapaa asiasana: | DEVELOPED ECONOMIES, SLOVENIA, DIVIDEND POLICY, EMPLOYEE OWNERSHIP |
| Kieli: | slv |
| Tiivistelmä: | The goal of this paper is to confront the theoretical findings and practical solutions of dividend policy in developed market economies with the situation in the transitional Slovenian economy.Therefore, the first part presents up to date theoretical findings on various factors that influence the dividend policy and their overall impact.Some possible practical solutions follow with special emphasis on the "dividend policy" of the firm with majority management or employee ownership.The second part examines the specifics of the Slovenian transition period concerning the dividend policy of privatized firms.Issues, such as nonvoluntary shareholdings, cash flow needs of privatization and government funds, majority employee ownership without ESOPs, are interpreted as a pressure for higher dividends than normal in developed market economies under such stringent capital market conditions as expected.Some unfavourable consequences for the firms are also anticipated. |
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