Study on the relationship of dividend payments and the market value enterprise

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The article gives a definition of the market value of the enterprise in two ways: by market capitalization and net asset value. From the correlation coefficient examine the relationship of the market value of the enterprise, with coefficients that characterize the company's dividend policy: the ratio of dividends to the company's assets, dividend payout ratio, dividend yield ratio, the study of the correlation coefficient values ranged from 0.75 to 0.89, suggesting a close relationship studied parameters. Result analysis was checked on the basis of the correlation analysis between the cost of shares M. Gordon model and the market value of shares, where the correlation coefficient was 0.79.

About the authors

T I Okrainets

Moscow state mining university


A N Salpagarov

Moscow state mining university



Copyright (c) 2016 Economics

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