Template-type: ReDIF-Article 1.0
Author-Name: Abramov Alexander 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Belyakov Yury 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Author-Name: Radygin Alexander  
Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration
Author-Name: Chernova Maria 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Features and Risks of the Dividend Policy of Russian Joint-Stock Companies
Title: Особенности и риски дивидендной политики российских акционерных обществ
Abstract: Russian joint-stock companies are actively using the dividend policy to increase the attractiveness of their stocks for private investors. The adoption of new, uniform rules for the payment of dividends by state-owned enterprises can not only attract investors but also solve the fiscal problems of the budget. At the same time, the policy of increasing dividend payouts is associated with increased risks of a slowdown in the growth of market capitalization and an underperforming of their stocks in terms of total return to investors. Constant monitoring of these risks is required.
Keywords: payment of dividends, dividend policy, stock returns, Russian companies, SOE, IPO
Classification-JEL: E22, G32, G35, G38
Journal: Russian Economic Developments
Year: 2021
Issue: 8
Month: August
Pages: 37-46
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2187.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2187