الفهرس 
English GoverOnly 14 pages are availabe for public view
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Abstract
This thesis examines the patterns and determinants of listed corporate dividends policy and the payout channels in E(YPt. In particular, it investigates the choice of the payout channel (i.e. dividends, repurchases, or both) and the impact of the reform program introduced in 1992 on corporate dividends policy. The main results of this study suggest that shareholders are more likely to receive a payout from firms that are more profitable, highly leveraged, mature, with less attractive investment opportunities, institutions owning more than 5% of the capital, and with high free float.