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Authors
Advisor(s)
Abstract(s)
The aim of this project is to find out whether behavioural patterns on the managers perspective tend to have any effect in dividend policy in Portuguese companies listed in the Lisbon Stock Exchange.
A major challenge we faced was how to determine confidence levels to conduct our study. Knowing any methodology would be subject to a certain level of subjectivity, in the end we used our own interpretation of information published publicly in every company’s earnings report and surveys of confidence, conducted by the European Commission, and applied to Portuguese companies.
Based on the results obtained we conclude that behavioural perspective had some impact in Portuguese companies’ dividend policy, especially during the years of economia recovery after the major crisis which affected the country’s economy.
Description
Mestrado em Análise Financeira
Keywords
Behavioural perspective Dividend policy
Citation
Pires, G. S. (2023) Does manager sentiment have any effect on a company,s divident policy? The portuguese case. [Dissertação de mestrado, Instituto Superior de Contabilidade e Administração de Lisboa]. Repositório Científico do Instituto Politécnico de Lisboa. http://hdl.handle.net/10400.21/17431