Determinanty wypłaty dywidend przez spółki kapitałowe wczesnej fazy rozwoju
Determinants of dividend payout policy by stock companies in the early development stage of business life cycle.

Summary/Abstract: The article is an attempt to assess dividend payout policy realized by the stock companies, which are in entry, growth and development stage of the business life cycle, and are listed in the Polish alternative trading system. The study is focusing on identifying the main financial or economical determinants which can be taking into account by shareholders and managers for dividend payouts decision. Empirical analysis was based on the statistical and econometric models. Main empirical data was collected from the public stock companies listed on the NewConnect (the Alternative Trading System carried on by the Warsaw Stock Exchange).

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