{"id":"https://openalex.org/W199149148","doi":null,"title":"Determinants of Dividend Payout Ratios : A Study of Swedish Large and Medium Caps","display_name":"Determinants of Dividend Payout Ratios : A Study of Swedish Large and Medium Caps","publication_year":2012,"publication_date":"2012-01-01","ids":{"openalex":"https://openalex.org/W199149148","mag":"199149148"},"language":"en","primary_location":{"id":"pmh:oai:DiVA.org:umu-56954","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-56954","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},"volume":null,"type":"dissertation","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-56954","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":null,"display_name":"Gustav Hellstr\u00f6m","orcid":"https://orcid.org/0000-0002-3163-6971","observed_orcids":["https://orcid.org/0000-0002-3163-6971"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gustav Hellstr\u00f6m","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0002-3163-6971","affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5073714322","display_name":"Gairatjon Inagambaev","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gairatjon Inagambaev","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":28,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-payout-ratio","display_name":"dividend payout ratio","score":0.9890000224113464},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.8769999742507935},{"id":"https://openalex.org/keywords/determinants-of-dividends","display_name":"determinants of dividend payout","score":0.8240000009536743},{"id":"https://openalex.org/keywords/free-cash-flow","display_name":"free cash flow","score":0.8980000019073486},{"id":"https://openalex.org/keywords/business-growth","display_name":"business growth","score":0.7480000257492065},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.8650000095367432},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.6000000238418579},{"id":"https://openalex.org/keywords/risk","display_name":"risk","score":0.7139999866485596},{"id":"https://openalex.org/keywords/dividend-irrelevance-theory","display_name":"dividend irrelevance theory","score":0.8190000057220459},{"id":"https://openalex.org/keywords/bird-in-the-hand-theory","display_name":"bird-in-the-hand theory","score":0.9779999852180481},{"id":"https://openalex.org/keywords/signaling-theory","display_name":"signaling theory","score":0.9670000076293945},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.9990000128746033},{"id":"https://openalex.org/keywords/swedish-listed-firms","display_name":"Swedish listed companies","score":0.7089999914169312}],"concepts":[{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.8966153860092163},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.6697722673416138},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6543750762939453},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.43783336877822876},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.43359148502349854},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.35109660029411316},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.20351064205169678}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:DiVA.org:umu-56954","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-56954","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},{"id":"mag:199149148","doi":null,"is_oa":false,"landing_page_url":"https://www.diva-portal.org/smash/get/diva2:538687/FULLTEXT02","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:DiVA.org:umu-56954","doi":null,"is_oa":true,"landing_page_url":"http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-56954","pdf_url":null,"source":{"id":"https://openalex.org/S4306401559","display_name":"KTH Publication Database DiVA (KTH Royal Institute of Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I86987016","host_organization_name":"KTH Royal Institute of Technology","host_organization_lineage":["https://openalex.org/I86987016"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/bachelorThesis"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.5299999713897705}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":45,"referenced_works":["https://openalex.org/W98053061","https://openalex.org/W630838396","https://openalex.org/W650008082","https://openalex.org/W1236080179","https://openalex.org/W1498895452","https://openalex.org/W1502087860","https://openalex.org/W1504399323","https://openalex.org/W1535278562","https://openalex.org/W1542403080","https://openalex.org/W1567497355","https://openalex.org/W1571720745","https://openalex.org/W1573234480","https://openalex.org/W1585500105","https://openalex.org/W1874144170","https://openalex.org/W1970655212","https://openalex.org/W1984215951","https://openalex.org/W1994685544","https://openalex.org/W2003644932","https://openalex.org/W2006949193","https://openalex.org/W2015629430","https://openalex.org/W2016382728","https://openalex.org/W2024215468","https://openalex.org/W2026593188","https://openalex.org/W2048219031","https://openalex.org/W2068258432","https://openalex.org/W2071681097","https://openalex.org/W2076428663","https://openalex.org/W2089556049","https://openalex.org/W2111384383","https://openalex.org/W2123343520","https://openalex.org/W2142856961","https://openalex.org/W2144470805","https://openalex.org/W2164426272","https://openalex.org/W2176521897","https://openalex.org/W2223768511","https://openalex.org/W2317220288","https://openalex.org/W2323331210","https://openalex.org/W2331052961","https://openalex.org/W2341541993","https://openalex.org/W2738421686","https://openalex.org/W2752617332","https://openalex.org/W3121131820","https://openalex.org/W3123566210","https://openalex.org/W3147181238","https://openalex.org/W4211171008"],"related_works":["https://openalex.org/W6999898868","https://openalex.org/W2908602434","https://openalex.org/W4405139223","https://openalex.org/W3097274350","https://openalex.org/W2790505181","https://openalex.org/W2948101832","https://openalex.org/W361741805","https://openalex.org/W2150614105","https://openalex.org/W2337530181","https://openalex.org/W3132094775"],"abstract_inverted_index":{"The":[0,82,187,208,294,323],"dividend":[1,21,54,70,105,138,155,170,227,230,261,310,324,343],"payout":[2,22,55,71,106,156,171,262,311,325,344],"policy":[3,23],"is":[4,40,87,92,111,251],"one":[5],"of":[6,32,51,67,84,98,127,201,291,299,327,346],"the":[7,19,45,49,52,65,68,85,103,125,128,153,160,166,169,191,223,229,233,238,242,255,260,289,292,300,308,342],"most":[8],"debated":[9],"topics":[10],"within":[11],"corporate":[12],"finance":[13],"and":[14,75,102,121,137,173,185,206,219,241,259,272,313,320,339,359],"some":[15,298,316],"academics":[16],"have":[17,149,221,304,330,349],"called":[18],"company\u2019s":[20],"an":[24,29,150,267,305],"unsolved":[25],"puzzle.":[26],"Even":[27],"though":[28],"extensive":[30],"amount":[31],"research":[33,192,213],"regarding":[34,64,124],"dividends":[35],"has":[36],"been":[37],"conducted,":[38],"there":[39,91,115,250,314],"no":[41,286],"uniform":[42],"answer":[43],"to":[44,60,88,112,142,164,247,283,334,353],"question:":[46],"what":[47],"are":[48,116,193,315],"determinants":[50,66],"companies\u2019":[53,69,104,154,309],"ratios?":[56],"We":[57,132],"therefore":[58,133],"decided":[59,163],"conduct":[61],"a":[62,93,96,198,211,216,252,273,331,350],"study":[63,86,209,224],"ratios":[72,312,326,345],"on":[73,78,152,159,225,307],"large":[74,120,319,328],"medium":[76,122,321,347],"cap":[77],"Stockholm":[79],"stock":[80],"exchange.":[81],"purpose":[83,110],"determine":[89,113,248],"if":[90],"relationship":[94,167,253,333,352],"between":[95,119,168,204,254,318],"number":[97],"company":[99,129,175,301],"selected":[100,130,176,257,302],"factors":[101,145,258,303],"ratios.":[107,157],"A":[108],"second":[109],"whether":[114,249],"any":[117],"differences":[118,317],"caps":[123,329,348],"impact":[126,151,306],"factors.":[131],"reviewed":[134],"previous":[135],"studies":[136],"theories":[139],"in":[140,190,235,281],"order":[141,246,282],"conclude":[143],"which":[144],"that":[146,285,297],"potentially":[147],"could":[148],"Based":[158],"literature,":[161],"we":[162,220,264],"test":[165],"ratio":[172,263],"six":[174],"factors:":[177],"free":[178,335,354],"cash":[179,336,355],"flow,":[180,337,356],"growth,":[181],"leverage,":[182,357],"profit,":[183],"risk":[184,358],"size.":[186,360],"data":[188,195],"used":[189],"secondary":[194],"collected":[196],"during":[197],"time":[199],"period":[200],"five":[202],"years,":[203],"2006":[205],"2010.":[207],"follows":[210],"quantitative":[212],"method":[214],"with":[215],"deductive":[217],"approach":[218],"based":[222],"four":[226],"theories:":[228],"irrelevance":[231],"theory,":[232,237],"bird":[234],"hand":[236],"signaling":[239],"theory":[240],"agency":[243],"theory.":[244],"In":[245],"companies":[256],"conducted":[265,280],"both":[266],"Ordinary":[268],"least":[269],"square":[270],"(OLS)":[271],"Tobit":[274],"regression.":[275],"Multicollinearity":[276],"tests":[277],"were":[278],"also":[279],"ascertain":[284],"multicollinearity":[287],"affected":[288],"results":[290,295],"study.":[293],"indicate":[296],"caps.":[322],"significant":[332,351],"growth":[338],"risk.":[340],"While":[341]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":2}],"updated_date":"2026-09-29T14:09:16.559479","created_date":"2016-06-24T00:00:00"}