安定配当政策の形成過程における10%基準の意義と役割

概要

論文の詳細を見る
This paper examines what underlay the formative processes of stable dividend policy in relation to the contemporary financing rules and financial system after world war II in Japan. The Trend of Japanese firms to fix dividends per share has been effected by the lowest criterion of 10 percent ratio to face value seen in financing rules which Ministry of Finance, Bank of Japan, securities firms, and banks established. In addition, it is assumed that financial institutions which played an important role in the financial system before 1970 required 10 percent of dividend rate in equal to real loan rate for long-term holding shares. The formation of stable dividend policy based on par issue in Japan depended on the financial system controlled by Japanese government.
青森公立大学の論文
2004-09-30