engleski

Theoretical Considerations of Dividend Decision Making Process in Transitional Countries-Cases of Croatia and Slovenia

Dividend decision making process in transitional countries is influenced by various factors. The most important are: specific ownership structure and genesis, capital structure, business objectives, investment opportunities, development performance, tax system, inflation and legal framework. Dividend policy is still not an important segment of financial policy having an influence on share prices, financing as well as on harmonizing and meeting the interests and needs of various owner groups. Main reasons were researched and presented in this paper as theoretical considerations on the cases of Croatia and Slovenia. They include the above mentioned factors, general economic conditions in transitional countries and undeveloped capital market.

dividend policy ; transitional countries

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