Preponderant factors in the definition of dividend policies in Brazil

Abstract

The aim of this study was to verify whether company managers take into account the factors assigned by the literature as the one to influence dividend policies the most in decisions regarding profit sharing. The research was made with 106 public companies in Brazil. The results showed that managers give more attention to factors such as legislation, Articles of Incorporation, cash availability, opportunities for future investments, budget, and expectations regarding future profits. In consideration, factors such as the effect of inflation, policies regarding dividends of other companies, alternative investment sources for shareholders, and gains or losses with stock variation are taken less into account.

The Dance of Two Instruments: How Fiscal and Monetary Policy Interact in Nigeria

“…While [41] use the Vector Autoregressive Model (MS-VAR) to examine fiscal and monetary policy interaction in Brazil, they show that coordination between Brazilian fiscal and monetary policies was bordering on the substitute type during the study period, with a predominantly monetary regime. In the same vein, [42] Investigate the relationship between monetary and fiscal policy as well as the efficacy of these measures in establishing stable prices and a sustained GDP in Egypt.…”