Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Utbetalningspolitik i Sverige: En studie om utdelningar och återköp i svenska börsföretag
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2014 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Payout policy in Sweden : A study of cash dividends and stock repurchases in Swedish listed firms (English)
Abstract [sv]

Följande uppsats undersöker hur svensk utbetalningspolitik har utvecklats under åren 1992-2012. Urvalet består av de företag som under våren 2014 var noterade på Stockholmsbörsens “Large”, “Mid” eller “Small Cap” lista. Återköpens andel av den totala utbetalningsandelen visar sig inte vara lika hög som andra internationella studier har visat. Det är istället utdelningarna som utgör merparten av de totala utbetalningarna. Däremot så har andelen företag som enbart delar ut minskat trots att utdelningarna ökat, vilket också styrks av resultat från tidigare studier. Lägre nettoresultat under finanskrisen följs av minskade utbetalningar under 2008-2009. Återköpen minskar under denna period markant till att i stort sätt utebli, vilket bekräftar tidigare studier.

Abstract [en]

This paper provides evidence on Swedish payout policy during the past 20 years (1992-2012). The sample data consists of companies that were listed on Stockholm Stock Exchange (SSE) “Large”, “Mid” or “Small Cap” list during spring 2014. We show that repurchases of shares still represents a small proportion of the total payout, which contradicts results from other international studies. The dividends therefore still constitute the bulk of the total payments. We document a drop in net income during the financial crisis followed by reduced payments during 2008-2009. Repurchases decrease significantly during this period to virtually absent; confirming previous studies that argue that repurchases are a more flexible payout method than dividends.

Place, publisher, year, edition, pages
2014. , 37 p.
Keyword [en]
Corporate finance, payout policy, dividends, stock repurchases, payout ratio, total payout ratio, Stockholm Stock Exchange (SSE).
Keyword [sv]
Finansiell ekonomi, utbetalningspolitik, utdelningspolitik, aktieutdelning, återköp, utdelningsandel, utbetalningsandel, Stockholmsbörsen.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-230122OAI: oai:DiVA.org:uu-230122DiVA: diva2:738887
Subject / course
Business Studies
Educational program
Bachelor Programme in Business and Economics
Supervisors
Available from: 2014-08-19 Created: 2014-08-19 Last updated: 2014-08-19Bibliographically approved

Open Access in DiVA

Utbetalningspolitik i Sverige: en studie om utdelningar och återköp i svenska börsföretag(667 kB)264 downloads
File information
File name FULLTEXT01.pdfFile size 667 kBChecksum SHA-512
b8f20320e43beaf8c76d44dea1d561d5f676ca63d956e72bac6cf48587c97c03a83f43d1791edd51a7ec19d98c4266aa1fd04bb9122fcff06f9c8319d5b1a350
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Arvidson, Olle
By organisation
Department of Business Studies
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 264 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 1124 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf