'International Journal of Professional Business Review'
Abstract
The aim of this paper is to demonstrate the influence of the shareholding concentration and the size of the company on the dividend policy of companies in the Brazilian electric sector. The shareholding control data of companies in the electricity sector and other sectors were collected from the B3 website during 2019. Based on the results, the following conclusions were reached: 1) companies in the electricity sector have lower payouts than companies in other sectors; 2) there was no difference between the companies in the electric sector and the others regarding the payout in relation to the shareholding concentration, both between companies considered large and those of smaller size; 3) regarding the size of the companies, there was no statistically significant difference between the payout paid by the electricity sector and the other companies; 4) the smaller size of the company was related to the higher occurrence of losses both in the electricity sector and in the group of other companies.
