Dividend Policy And The Corporate Life Cycle Volume Ii

Dividends Are Considered One Of The Most Important Corporate Financial Decisions. Various Financial Theories Have Contributed Theoretical Arguments And Financial Determinants To Explain The Level Of Earnings Distributed By Companies. This Paper Tests The Effect Of The Corporate Life Cycle, And The Phases The Company Goes Through Throughout Its Life, On Its Dividend Policy And, At The Same Time, Financial Determinants Pointed Out By The Aforementioned Theories As Significant: Profitability, Size, Risk, Number Of Investors, Growth In Earnings For The Year, Growth In Earnings For The Following Year, Investment, Indebtedness, Sales Growth Or Dividends From The Previous Year.