Política de dividendos, riesgo, endeudamiento y estructura de propiedad. Un análisis para el mercado español

Contenido principal del artículo

Antonio Mínguez Vera

Resumen

Este artículo analiza la relación entre el pago de dividendos, el riesgo empresarial, el endeudamiento y la propiedad de los consejeros. Los resultados muestran, en primer lugar, que el pago de dividendos reduce el riesgo y el endeudamiento y aumenta la propiedad de los consejeros. En segundo lugar, se obtiene que dicho riesgo repercute de manera negativa en el endeudamiento y en el pago de dividendos y positiva en la propiedad de los consejeros. En tercer lugar, se halla que las empresas más endeudadas reparten una cuantía inferior de dividendos, tienen un riesgo menor y presentan mayor propiedad por parte de los consejeros. Por último, se observa que la citada propiedad incrementa el riesgo, el endeudamiento y el pago de dividendos de la sociedad.

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Mínguez Vera, A. (2017). Política de dividendos, riesgo, endeudamiento y estructura de propiedad. Un análisis para el mercado español. El Trimestre Económico, 74(296), 929–960. https://doi.org/10.20430/ete.v74i296.387
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