Acceso abierto

The Impact of Macroeconomic Indicators on the Share Prices of Dividend Companies – A Comparative Analysis of Polish and US Issuers for the Period 2016–2020


Cite

Akani, H.W., Sweneme, Y. (2017). Macroeconomic Aggregates and Retention Ratio of Quoted Firms in Nigeria. Asian Finance & Banking Review, 1 (1), 55–63.10.46281/asfbr.v1i1.5 Search in Google Scholar

Al-Malkawi, H.A.N. (2008). Factors Influencing Corporate Dividend Decision: Evidence from Jordanian Panel Data. International Journal of Business, 13 (2). Search in Google Scholar

Asquith, P., Mullins, Jr D.W. (1983). The Impact of Initiating Dividend Payment on Shareholders’ Wealth. Journal of Business, 56 (1), 77–96. DOI: 10.1086/296187.10.1086/296187 Search in Google Scholar

Baker, M., Wurgler, J. (2004). Appearing and disappearing dividends: The link to catering incentives. Journal of Financial Economics, 73 (2), 271–288. DOI: 10.1016/j.jfineco. 2003.08.001.10.1016/j.jfineco.2003.08.001 Search in Google Scholar

Basse, T., Reddemann, S. (2011). Inflation and the Dividend Policy of US Firms. Economy watch, 6 (4), 33–64.10.1108/03074351111092139 Search in Google Scholar

Brigham, E.F., Houston, J.F. (2005). Podstawy zarządzania finansami. Warszawa: PWE. Search in Google Scholar

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. DOI: 10.1016/j.jfineco.2005.07.005.10.1016/j.jfineco.2005.07.005 Search in Google Scholar

Dębski, W., Bujnowicz, I. (2008). Model współzależności rozwoju systemu finansowego i wzrostu gospodarczego w Polsce. Studia i Prace Wydziału Nauk Ekonomicznych i Zarządzania Uniwersytetu Szczecińskiego, 9, 9–20. Search in Google Scholar

Fama, E.F. (1981). Stock Returns, Real Activity, Inflation, and Money. The American Economic Review, 71 (4), 545–565. Search in Google Scholar

Fama, E.F., French, K.R. (1992). The Cross-Section of Expected Stock Returns. The Journal of Finance, 47 (2), 427–465. DOI: 10.1111/j.1540-6261.1992.tb04398.x.10.1111/j.1540-6261.1992.tb04398.x Search in Google Scholar

Fuller, K.P., Goldstein, M.A. (2011). Do Dividends Matter More in Declining Markets? Journal of Corporate Finance, 17 (3), 457–473.10.1016/j.jcorpfin.2011.01.001 Search in Google Scholar

Giri, A.K., Pooja, J. (2017). The Impact of Macroeconomic Indicators on Indian Stock Prices: An Empirical Analysis. Studies in Business and Economics, 12 (1), 61-78. DOI: 10.1515/sbe-2017-0005.10.1515/sbe-2017-0005 Search in Google Scholar

Haugen, R.A. (1999). Nowa nauka o finansach. Przeciw efektywności rynku. Warszawa: WIG-Press. Search in Google Scholar

Hazlitt, H. (2007). Inflacja, wróg publiczny nr 1. Warszawa: Fijorr Publishing. Search in Google Scholar

Khan, J., Khan, I. (2018). The Impact of Macroeconomic Variables on Stock Prices: A Case Study of Karachi Stock Exchange. Journal of Economics and Sustainable Development, 9 (13), 15–25.10.4172/2151-6219.1000365 Search in Google Scholar

Kowerski, M. (2011). Ekonomiczne uwarunkowania decyzji o wypłatach dywidend przez spółki publiczne. Kraków-Rzeszów-Zamość: Konsorcjum Akademickie Wydawnictwo WSE w Krakowie, WSIiZ w Rzeszowie i WSZiA w Zamościu. Search in Google Scholar

Lee, T. (2000). Ekonomia dla inwestorów giełdowych. Warszawa: WIG-Press. Search in Google Scholar

Lichtenfeld, M. (2015). Get Rich with Dividends. New Jersey: John Wiley&Sons.10.1002/9781119157519 Search in Google Scholar

Megaravalli, A.V., Sampagnaro G. (2018). Macroeconomic indicators and their impact on stock markets in ASIAN 3: A pooled mean group approach. Cogent Economics & Finance, 6 (1), 1–14. DOI: 10.1080/23322039.2018.1432450.10.1080/23322039.2018.1432450 Search in Google Scholar

Modigliani, F., Cohn, R.A. (1979). Inflation, Rational Valuation and the Market. Financial Analysts Journal, 35 (2), 22–44. DOI: 10.2469/faj.v35.n2.24.10.2469/faj.v35.n2.24 Search in Google Scholar

Muhammad, A.A., Khan, F. (2018). The Relationship between Macroeconomic Variables and the Dividend Payout Ratio of the Textile Sector Listed on Pakistan Stock Market. Sarhad Journal of Management Sciences (SJMS), 4 (1), 111–121.10.31529/sjms.2018.4.1.9 Search in Google Scholar

Naik, P.K., Padhi, P. (2012). The Impact of Macroeconomic Fundamentals on Stock Prices Revisited: Evidence from Indian Data. Eurasian Journal of Business and Economics, 5 (10), 25–44.10.2139/ssrn.2150208 Search in Google Scholar

Romus, M., Rizga, A., Abdillah, M.R., Zakaria, N.B. (2020). Selected Firms Environmental Variables: Macroeconomic Variables, Performance and Dividend Policy Analysis. IOP Conf. Series: Earth and Environmental Science, 469, 1–6. DOI: 10.1088/1755-1315/469/1/012047.10.1088/1755-1315/469/1/012047 Search in Google Scholar

Rubin, H. Spaht, II C. (2011). Financial Independence Through Dollar Cost Averaging and Dividends Reinvestment. Journal of Applied Business and Economics, 12 (4), 11–19. Search in Google Scholar

Skousen, M. (2011). Struktura produkcji. Giełda, kapitał, konsumpcja. Warszawa: Fijorr Publishing Company. Search in Google Scholar

Skousen, M. (2011b). Inwestowanie w jednej lekcji. Warszawa: Fijorr Publishing Company. Search in Google Scholar

Tuzimek, R. (2013). Decyzje finansowe w spółkach giełdowych a wartość akcji. Warszawa: Oficyna Wydawnicza Szkoły Głównej Handlowej. Search in Google Scholar

Williams, A., Miller, M. (2013). Do Stocks with Dividends Outperform the Market during Recession. Journal of Accounting and Finance, 13 (1), 58–69. Search in Google Scholar

eISSN:
1898-0198
Idioma:
Inglés
Calendario de la edición:
2 veces al año
Temas de la revista:
Business and Economics, Political Economics, other