Fatores de Influência nas políticas de dividendos das empresas brasileiras, listadas na BM&FBOVESPA, entre os anos de 2008 e 2013

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dc.contributor.advisorNakamura, Wilson Toshiropt_BR
dc.contributor.advisor1Latteshttp://lattes.cnpq.br/1327686935533816por
dc.contributor.authorBarletta, Flavia Nazaré de Souzapt_BR
dc.creator.Latteshttp://lattes.cnpq.br/3242432230786280por
dc.date.accessioned2016-03-15T19:26:16Z
dc.date.accessioned2020-05-28T18:04:03Z
dc.date.available2014-12-11pt_BR
dc.date.available2020-05-28T18:04:03Z
dc.date.issued2014-08-06pt_BR
dc.description.abstractIn corporate finance, the financial manager must be aware of investment and financing decisions. What assets will now acquire and who capital will finance them? There is one more decision to make when the company achieves its goals, about their profitability. Distribute earnings? How? How many percent? The dividend policy of a company is considered a puzzle and this issue is intensively investigated. However, there are still many controversies. After the financial crisis in 2007, which peaked in 2008, these decisions about the dividend policy were even more complex. This study investigates the factors influencing the decisions of dividend policy of non-financial companies listed on Brazilian stock exchange from 2008 to 2013. Results show broadly that the crisis did not affect significantly the payment of dividends of Brazilian companies, which remained average payout ratio above mandatory by law. However there is evidence that the risk of the crisis could negatively influence exercised off as shown. The dividend increased for large enterprises. The first is that companies need to communicate to its shareholders that the crisis has not affected the company as much as the other. This form them wanting to show strong emit an image of confidence in the company about its future financial position, aiming to keep the shareholders and reducing their propensity to sell shares. Another possibility is that these companies actually just returned cash to shareholders, since the opportunities for investment in good projects had diminished. The third possibility follows the agency theory, according to which shareholders are suspicious of managers and require greater dividends in periods of declining number of good investment opportunities.eng
dc.formatapplication/pdfpor
dc.identifier.urihttp://dspace.mackenzie.br/handle/10899/23462
dc.languageporpor
dc.publisherUniversidade Presbiteriana Mackenziepor
dc.rightsAcesso Abertopor
dc.subjectpolítica de dividendospor
dc.subjectdeterminantespor
dc.subjectempresas brasileiraspor
dc.subjectdados em painelpor
dc.subjectstatapor
dc.subjectfinanças corporativaspor
dc.subjectdividend policyeng
dc.subjectdeterminantseng
dc.subjectbrazilian companieseng
dc.subjectpanel dataeng
dc.subjectstataeng
dc.subjectcorporate financeeng
dc.subject.cnpqCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::ADMINISTRACAO DE EMPRESASpor
dc.thumbnail.urlhttp://tede.mackenzie.br/jspui/retrieve/2824/Flavia%20Nazare%20de%20Souza%20Barletta.pdf.jpg*
dc.titleFatores de Influência nas políticas de dividendos das empresas brasileiras, listadas na BM&FBOVESPA, entre os anos de 2008 e 2013por
dc.typeDissertaçãopor
local.contributor.board1Perera, Luiz Carlos Jacobpt_BR
local.contributor.board1Latteshttp://lattes.cnpq.br/3386375141622007por
local.contributor.board2Securato, José Robertopt_BR
local.contributor.board2Latteshttp://lattes.cnpq.br/0850929919616812por
local.publisher.countryBRpor
local.publisher.departmentAdministraçãopor
local.publisher.initialsUPMpor
local.publisher.programAdministração de Empresaspor
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