Evidence on Irish financial analysts' and fund managers' views about dividends
Bruce Burton () and
Qualitative Research in Financial Markets, 2010, vol. 2, issue 2, 80-99
Purpose - This paper aims to identify the views of Dublin-based financial analysts and major Irish fund managers on dividends. Design/methodology/approach - The paper uses semi-structured interviews with 16 participants and analyses their responses concerning the role of dividends in the share screening process; the perceived relationship between dividend payment policy and share values; the impact of taxation and attitudes to share buybacks. Findings - The results support the notion that dividends are an important in investor decision-making processes and that dividends influence share valuations. Another key finding is that fund managers appear to be able to influence the dividend policy of Irish companies in which they have a shareholding. Finally, taxation issues appear relatively unimportant and the majority of fund managers prefer cash dividends to buybacks. Originality/value - The paper addresses the issue of dividend policy from a qualitative standpoint, rather than the conventional large-sample aggregate form of analysis. Moreover, whilst most other studies have investigated the issue from the corporate point of view, this investigation focuses on analysts' and fund managers' views.
Keywords: Dividends; Fund management; Financial analysis; Ireland (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://www.emeraldinsight.com/10.1108/175541710800 ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eme:qrfmpp:v:2:y:2010:i:2:p:80-99
Ordering information: This journal article can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
http://emeraldgroupp ... journals.htm?id=qrfm
Access Statistics for this article
Qualitative Research in Financial Markets is currently edited by Professor Bruce M. Burton
More articles in Qualitative Research in Financial Markets from Emerald Group Publishing
Bibliographic data for series maintained by Virginia Chapman ().