Search: onr:"swepub:oai:DiVA.org:umu-124626" >
Profits, dividends ...
-
Andersson, Lars-FredrikUmeå universitet,Ekonomisk historia
(author)
Profits, dividends and industry restructuring : the Swedish paper and pulp industry between 1945 and 1977
- Article/chapterEnglish2016
Publisher, publication year, extent ...
-
2016-08-31
-
Informa UK Limited,2016
-
printrdacarrier
Numbers
-
LIBRIS-ID:oai:DiVA.org:umu-124626
-
https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-124626URI
-
https://doi.org/10.1080/03585522.2016.1223745DOI
-
https://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-520204URI
Supplementary language notes
-
Language:English
-
Summary in:English
Part of subdatabase
Classification
-
Subject category:ref swepub-contenttype
-
Subject category:art swepub-publicationtype
Notes
-
This paper explores the role of profit distribution in the restructuring of the Swedish paper and pulp industry between 1945 and 1977. In addressing this issue, we will draw on the life-cycle theory and market imperfection arguments to examine whether the less profitable firms shared more of their profits as dividends, or remained on the market longer by reinvesting the majority of the profits. Our study shows that an increasing share of the profits was distributed to owners over time, and thus less profit was reinvested in industrial renewal. We find that the observed general upward trend in dividends can be attributed to the decline in profit and firm legacy, as firms in the Swedish pulp and paper industry kept dividends up while reducing reinvestment as their profit margins decreased over time. Our study shows that the market imperfections related to capital taxation and investment funds increased rather than decreased dividends.
Subject headings and genre
Added entries (persons, corporate bodies, meetings, titles ...)
-
Bergquist, Ann-KristinUmeå universitet,Ekonomisk historia(Swepub:uu)annbe374
(author)
-
Eriksson, Rikard,1979-Umeå universitet,Kulturgeografi(Swepub:umu)ridern00
(author)
-
Umeå universitetEkonomisk historia
(creator_code:org_t)
Related titles
-
In:Scandinavian Economic History Review: Informa UK Limited64:3, s. 278-2960358-55221750-2837
Internet link
Find in a library
To the university's database