Le renouveau du paiement du dividende en actions

Caroline Marie-Jeanne ()
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Caroline Marie-Jeanne: GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage

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Abstract: Since 2008, Dividend Reinvestment Plans (DRP) are back. This paper aims at analysing the reasons for such a success in order to identify strategies for companies and their shareholders. The historical and theoretical analysis of such strategy are completed by a quantitative study of the dilution induced as well as by the analysis of the companies'press releases. An interdependence of the players is highlighted and this is why it's interesting to analyse DRP thanks to game theory and to test the model on companies adopting such strategy.

Keywords: choix d’investissement; paiement du dividende en actions; politique de dividendes; théorie des jeux; théorie du signal; Dividend Reinvestment Plan; game theory; signaling theory; payout policy; investment choice Classification JEL : G35 ÉVALUATION ET VALORISATION DES ACTIFS IMMATERIELS 5 (search for similar items in EconPapers)
Date: 2012
Note: View the original document on HAL open archive server: https://hal.science/hal-02043506v1
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Published in La Revue du Financier, 2012, 194, pp.4 - 18

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02043506

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