Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350
This study aims to examine the determinants of corporate dividend policy for the firms listed in UK Financial Times Stock Exchange (FTSE) 350 during the time period from 2002 to 2011. Compared with US firms, UK firms have a deeper culture to pay out dividends. Additionally, most of investigations on...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2012
|
| Online Access: | https://eprints.nottingham.ac.uk/25840/ |
| _version_ | 1848793065746071552 |
|---|---|
| author | Wang, Yiming |
| author_facet | Wang, Yiming |
| author_sort | Wang, Yiming |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | This study aims to examine the determinants of corporate dividend policy for the firms listed in UK Financial Times Stock Exchange (FTSE) 350 during the time period from 2002 to 2011. Compared with US firms, UK firms have a deeper culture to pay out dividends. Additionally, most of investigations on determinants of corporate dividend policy are based on US sample. These raise the question whether the existing dividend theories and determinants are applicable to UK sample. The source used to collect the data for this study is the DataStream database. Random effects regression model is used to analyze the data. Based on the sample of 294 non-financial firms and 2,663 firm-year observations, it is found that firm profitability and firm leverage are the main variables which drive firms to pay dividends. Other variables including free cash flow, asset structure, firm size, firm growth, stability and industry type have different degree effects on corporate dividend policy. Furthermore, the existing dividend theories and determinants are applicable to UK sample, basically. |
| first_indexed | 2025-11-14T18:54:23Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-25840 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:54:23Z |
| publishDate | 2012 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-258402018-01-23T07:47:13Z https://eprints.nottingham.ac.uk/25840/ Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 Wang, Yiming This study aims to examine the determinants of corporate dividend policy for the firms listed in UK Financial Times Stock Exchange (FTSE) 350 during the time period from 2002 to 2011. Compared with US firms, UK firms have a deeper culture to pay out dividends. Additionally, most of investigations on determinants of corporate dividend policy are based on US sample. These raise the question whether the existing dividend theories and determinants are applicable to UK sample. The source used to collect the data for this study is the DataStream database. Random effects regression model is used to analyze the data. Based on the sample of 294 non-financial firms and 2,663 firm-year observations, it is found that firm profitability and firm leverage are the main variables which drive firms to pay dividends. Other variables including free cash flow, asset structure, firm size, firm growth, stability and industry type have different degree effects on corporate dividend policy. Furthermore, the existing dividend theories and determinants are applicable to UK sample, basically. 2012-09-19 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/25840/1/Dissertation.pdf Wang, Yiming (2012) Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350. [Dissertation (University of Nottingham only)] (Unpublished) |
| spellingShingle | Wang, Yiming Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title | Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title_full | Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title_fullStr | Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title_full_unstemmed | Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title_short | Determinants of Corporate Dividend Policy in UK Financial Times Stock Exchange 350 |
| title_sort | determinants of corporate dividend policy in uk financial times stock exchange 350 |
| url | https://eprints.nottingham.ac.uk/25840/ |