Peculiarities of the high-dividend strategies in the markets of developed and developing countries

Abstract

The purpose of the study is to analyze the features of highly dividend strategies in the markets of developed and developing countries. For the analysis of dividend strategies, two developing countries and two developed were chosen to analyze the practical significance of dividend strategies in different markets. In addition to practical interest, this work is relevant in that there are a number of studies on individual countries, but there is no similar data for pooled data on developed or emerging markets. The paper considers the markets of such countries as Russia, India, Spain, Japan. The study consists of two main blocks: testing the hypothesis on each market in the country separately and assessing the effectiveness of various modifications of dividend strategies on the combined data separately for developed and developing countries. The results of this work can be used as a recommendation on investment in the considered markets, as well as for further studies of excess return on dividend strategies.