The Influence of Inflation on the Real Value of Paid Out Dividends on the Warsaw Stock Exchange in the Years 2000–2012

Jabłoński Bartłomiej Łukasz ()
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Jabłoński Bartłomiej Łukasz: University of Economics in Katowice Katowice, Poland

Scientific Annals of Economics and Business, 2013, vol. 60, issue 2, 14

Abstract: The article describes the issue of inflation and its influence on the value of dividends received by investors. In addition, the topic of dividend policy in the conditions of high (double-digit) inflation is discussed. The impact of inflation on the real rate of return from investments should be taken into consideration by investors who invest both in bonds and in shares. Research shows that, whereas bond market investors understand the impact of inflation on discount rates, stock market investors do not account for the impact of inflation on future earnings growth (Chordia et al, 2005, p.554).

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:60:y:2013:i:2:p:14:n:4

DOI: 10.2478/aicue-2013-0021

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