Модель Линтнера: пример развивающихся рынков капитала
The Lintner's model is one of classical model for analysis of didivend policy. In the paper the model was estimated for 4 the most growing country: Brazil, Russia, India, China. The results were compared with the estimation of Lintner's model for the USA. One of main results of work that dividends policy in emerging country has similar tendencies (high the speed of adjustment coefficient,low target payout ratio), but differ from its in developed market the USA.