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Comparison of dividend policy of state and private companies on example of companies of oil and gas sector of the Russian Federation
Available online: 11 July 2013 Subject Heading: Financial management JEL Classification:
In the article it is noted that the dividend policy is one of the major questions in the field of management of company finance. Features of this policy pursued by the largest companies of oil and gas sector of Russia are considered. Comparison of dividend policy of the state and private companies is carried out. In the course of the analysis it is established that in 2006-2010 of the company with a big share of the state participation chose passive dividend policy, had the lowest indicators of dividend profitability and coefficient of dividend payments. The private companies of oil and gas sector opposite pursued active dividend policy, adhering to the theory of importance of dividend payments and the alarm theory. Keywords: dividends, dividend policy, state companies, private companies, coefficient of dividend payments |
ISSN 2311-8709 (Online)
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