Comparative Investigation of the Dividend Policy of Cypriot Firms traded in Cyprus Stock Exchange Using a New Methodology of Correspondence Analysis

Investment Research & Analysis Journal, Vol. 1, No. 1, Spring 2006

23 Pages Posted: 17 Jun 2009

See all articles by Odysseas E. Moschidis

Odysseas E. Moschidis

University of Macedonia

Ioannis Lazaridis

University of Macedonia - Accounting and Finance

Efstratios Livanis

University of Macedonia - Accounting and Finance

Date Written: June 16, 2009

Abstract

This paper presents an analysis based on a recently survey of the dividend policies of the listed firms in the Cypriot Stock Exchange. For the analysis we use a new methodology of correspondence analysis for the comparative evaluation of the opinions of members two or more different groups, as for criteria which are formulated in scales "Likert". Especially, we investigate, in a 5-degree scale and in a 2-degree scale of evaluation, the effect of several factors on the corporate dividend policy firstly taking into account all the firms of our sample and then the groups of firms according to their total turnover. We found that they are significant differences between the factors that affect the dividend policy of the groups of Cypriot firms.

Keywords: dividend policy, Cypriot Stock Exchange, correspondence analysis

JEL Classification: G1, G15, G30, G35, C83

Suggested Citation

Moschidis, Odysseas E. and Lazaridis, Ioannis and Livanis, Efstratios, Comparative Investigation of the Dividend Policy of Cypriot Firms traded in Cyprus Stock Exchange Using a New Methodology of Correspondence Analysis (June 16, 2009). Investment Research & Analysis Journal, Vol. 1, No. 1, Spring 2006, Available at SSRN: https://ssrn.com/abstract=1420864

Odysseas E. Moschidis

University of Macedonia ( email )

156 Egnatia St.
P.O. 1591
Thessaloniki, 54006
Greece

Ioannis Lazaridis

University of Macedonia - Accounting and Finance ( email )

156 Egnatia Str.
Thessaloniki, 54006
Greece

Efstratios Livanis (Contact Author)

University of Macedonia - Accounting and Finance ( email )

156 Egnatia Str.
Thessaloniki, 54006
Greece

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