A QUANTITATIVE ASSESSMENT BASED ON CORRELATION-REGRESSIVE ANALYSIS OF THE IMPACT OF DIVIDEND PAYMENTS ON THE MARKET CAPITALIZATION OF RUSSIAN COMPANIES AS A CONDITION OF THEIR INVESTMENT ATTRACTIVENESS

Abstract

The purpose of this research is to test by conducting a correlation-regression analysis of dividends paid by companies and their market capitalization the hypothesis that with an increase in dividend payments there is an increase in the capitalization of companies. The subject of the study is dividend payments by Russian energy companies and their market capitalization. The study was conducted using methods of statistical analysis of the data presented, a sample method based on data from six Russian PAOs in the energy sector, methods of correlation analysis, regression modeling based on the method of least squares and synthesis of the obtained data. Thus, the research has revealed that Russian energy companies in many cases have a direct linear relationship between dividend payments and market capitalization, but in some places the opposite or non-linear relationship can be seen. The results of this research can be used by Russian companies to develop dividend policy and to make economic forecasts and competent managerial decisions.