Детерминанты дивидендной политики российских публичных компаний
A variety of researches were devoted to dividend payments in the developed markets. Nevertheless several new approaches to identifying the determinants of dividend policy were proposed in the last decade. Since the dividend policy of Russian companies is studied to a much lesser extent, this paper attempts to reveal factors that determine it. Namely, it checks the applicability of the catering theory and Lintner model to the Russian market. Also it tests the dependence of the quantitative indicators of dividend policy on the broadest possible set of explanatory variables, including financial and macroeconomic factors and the ownership structure.