KORPORATIV DIVIDEND SIYOSATINING YANGI JIHATLARINI O‘RGANISH: RIVOJLANAYOTGAN MAMLAKAT MISOLIDA
DOI:
https://doi.org/10.5281/zenodo.18328286Ключевые слова:
dividend siyosati; korxona xususiyatlari; dividend barqarorligi; moliyaviy omillar; iqtisodiy omillar; HindistonАннотация
Mazkur tadqiqot korxona xususiyatlarining dividend to‘lov siyosatiga ta’sirini empirik jihatdan tahlil qiladi
hamda dividendlarning oshirilishi va kamaytirilishiga alohida e’tibor qaratadi. Tadqiqot 2001–2025-yillarda Hindiston fond
bozorida ro‘yxatga olingan 3 739 ta kompaniya bo‘yicha panel ma’lumotlar asosida tasodifiy effektli logistik regressiya
modeli yordamida amalga oshirilgan. Empirik modellar qoldiq, tranzaksiya xarajatlari va signal berish nazariyalariga
tayangan holda shakllantirilib, natijalar robustlik testlari orqali tekshirildi. Natijalar korxona hajmi, rentabellik, promouterlar
ulushi, pul mablag‘lari va hayotiy sikl dividend siyosatiga ijobiy, daromadlar o‘zgaruvchanligi, moliyaviy leveraj va erkin pul
oqimi esa salbiy ta’sir ko‘rsatishini aniqladi. Tadqiqot xulosalari dividend siyosatini kompaniyaga xos xususiyatlar asosida
shakllantirishda muhim ilmiy va amaliy ahamiyatga ega
Библиографические ссылки
1. Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and taxes. The American
Economic Review, 46(2), 97–113.
2. Miller, M. H., & Modigliani, F. (1961). Dividend policy, growth, and the valuation of shares. The Journal of Business,
34(4), 411–433. https://doi.org/10.1086/294442
3. Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American Economic
Review, 76(2), 323–329.
4. Ross, S. A. (1977). The determination of financial structure: The incentive-signalling approach. The Bell Journal of
Economics, 8(1), 23–40.
5. Baker, H. K., & Smith, D. M. (2006). Dividend policy: Theory and evidence. Hoboken, NJ: John Wiley & Sons.
6. Fama, E. F., & French, K. R. (2001). Disappearing dividends: Changing firm characteristics or lower propensity to pay?
Journal of Financial Economics, 60(1), 3–43.
7. DeAngelo, H., DeAngelo, L., & Stulz, R. M. (2006). Dividend policy and the earned/contributed capital mix: A test of the
life-cycle theory. Journal of Financial Economics, 81(2), 227–254.
8. Allen, F., & Michaely, R. (2003). Payout policy. In Handbook of the Economics of Finance (Vol. 1, pp. 337–429).
Amsterdam: Elsevier.
9. Denis, D. J., & Osobov, I. (2008). Why do firms pay dividends? International evidence on the determinants of dividend
policy. Journal of Financial Economics, 89(1), 62–82.
10. La Porta, R., Lopez-de-Silanes, F., Shleifer, A., & Vishny, R. (2000). Agency problems and dividend policies around the
world. The Journal of Finance, 55(1), 1–33.
11. Brockman, P., & Unlu, E. (2009). Dividend policy, creditor rights, and the agency costs of debt. Journal of Financial
Economics, 92(2), 276–299.
12. Reddy, Y. V., & Rath, S. (2005). Disappearing dividends in emerging markets? Evidence from India. Emerging Markets
Finance and Trade, 41(6), 58–82.
Загрузки
Опубликован
Как цитировать
Выпуск
Раздел
Лицензия
Copyright (c) 2026 ЗЕЛЁНАЯ ЭКОНОМИКА И РАЗВИТИЕ

Это произведение доступно по лицензии Creative Commons «Attribution» («Атрибуция») 4.0 Всемирная.