Regulating Aspects of Dividend Policy in the Business Sector of Georgia (სადივიდენდო პოლიტიკის რეგულირების მექანიზმები საქართველოს ბიზნესსექტორში)

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dc.contributor.authorBolkvadze (ბოლქვაძე), Besik (ბესიკ)
dc.date.accessioned2022-06-02T09:10:24Z
dc.date.available2022-06-02T09:10:24Z
dc.date.issued2020
dc.description James S., Nobes C. (2009). The Economics of Taxation (Principles, Policy, Practice). Ninth Edition. Birmingham, Fiscal Publications.  Neale B., McElroy T. (2004). Business Finance (A Value-Based Approach). Edinburgh, Prentice Hall.  Salman A. (2019). Determinants of Dividend Policy. Investment Management and Financial Inovations, Volume 16, Issue 1, pp. 167-177. Retrieved from: https:// businessperspectives.org/images/pdf/applications/publishing/templates/article/ assets/11644/IMFI_2019_01_Salman.pdf. Access 15.11.2019.  Kovalev V. (1998). Finansovy analiz: Upravleniye kapitalom, vybor investitsiy, analiz otchetnosti.. [Financial Analysis: Capital Management, Investment Choice, Reporting Analysis. Moscow, Finance and Statistics.] in Russian.  dividendis samartlebrivi bunebis shesakheb (2010). [On the Legal Nature of the Dividend] in Georgian. http://www.supremecourt.ge/files/upload-fi le/pdf/ganmarteba17. pdf. last seen 08.02.2020.  Law of Georgia on Entrepreneurs (1994).  Budget Code of Georgia (2009).  Tax Code of Georgia (2010).en_US
dc.description.abstractThe paper considers and analyses the dividend policy issues in the business sector of the economy of Georgia where the role and importance of dividend policy for business entities are discussed, the entrepreneural and taxation asspects of dividend distribution are considered, the specificity of profit utilization is underlined, the active and passive dividend policy directions are analysed, the factors impacted on dividend policy of the business entities are presented, the peculiarities of both private and state enterprises dividend approaches are charachterised. Among the financial decisions of any business entity a dividend policy and the relevant decision is of utmost importance due to its cpecificity and complexity as the dividend distribution mechanism impacts upon a market value as well as future operation. A dividend policy depends on the financial results of a company and reflects the process of financial results distribution. Therefore the dividend distribution decision is a sphere of operating responsibility of financial managers. The process of the dividend distribution and utilization is regulated by entreprenueral and taxation legislations in Georgia. Partly it is related to an “Estonian” model of taxation. It should be undelined that the main form of dividend payment remains the cash dividends and the key methods are the percentage and the fixed ones that is determined of the lack of e􀋻cient capital market operation in the country. Herewith, the specific rule is instituted concerning the state enterprises dividend distribution. Accordingly, the proper implementation of dividend policy in business sector requires analysis of factors e􀋺ected on dividend decisions, perfection of inner corporate approaches, taking into consideration of entreprenueral-taxation aspects and correct usage of analitycal instruments of dividends assessment.en_US
dc.identifier.citationEconomics and Business, №2, 2020, pp. 147-151en_US
dc.identifier.issn1987-5789
dc.identifier.urihttps://dspace.tsu.ge/handle/123456789/1558
dc.language.isogeen_US
dc.publisherIvane Javakhishvili Tbilisi State University Pressen_US
dc.subjectdividend; dividend policy, profit distribution, cash and non-cash dividendsen_US
dc.titleRegulating Aspects of Dividend Policy in the Business Sector of Georgia (სადივიდენდო პოლიტიკის რეგულირების მექანიზმები საქართველოს ბიზნესსექტორში)en_US
dc.typeArticleen_US
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