Český finanční a účetní časopis 2010(1):37-47 | DOI: 10.18267/j.cfuc.57

Influence of Accounting Norms on Dividend Policies in the Czech Republic

Jana Ištvánfyová1, Jiří Pelák2
1 Dr. Ing. Jana Ištvánfyová - odborná asistentka; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <istvanfy@vse.cz>.
2 Ing. Jiří Pelák, Ph.D. - odborný asistent; Katedra finančního účetnictví a auditingu, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3, Česká republika; <pelak@vse.cz>.

The paper focuses on distribution of unrealized profits. It identifies arguments for such a discussion. Substance of creditor protection, equivalent rights for shareholders and creditors, capital maintenance concepts and accounting aspects of these phenomena are discussed. The paper clearly states and distinguishes the position of accounting and law and identifies relationships between both systems. Authors tend to distribution of unrealized profits for sufficient creditor protection under contemporary capital maintenance concept.

Keywords: Dividend per share; Preservation of capital; Distributions to shareholders; Creditor protection.
JEL classification: K22, M48

Published: March 1, 2010  Show citation

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Ištvánfyová, J., & Pelák, J. (2010). Influence of Accounting Norms on Dividend Policies in the Czech Republic. Czech Financial and Accounting Journal, 2010(1), 37-47. doi: 10.18267/j.cfuc.57
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