Studienarbeit aus dem Jahr 2018 im Fachbereich BWL - Unternehmensfuhrung, Management, Organisation, Note: 1,3, Munich Business School, Sprache: Deutsch, Abstract: Dividends can be seen in two perspectives. FRom the market-based view, dividends are not only rewards given from a publicly hold corporation to the shareholders, they are requirements for risk-sharing and capital gain services provided by the shareholders. FUrthermore, dividends can be used for information purposes on further developments of the company and to interpret certain signals given by the board. FRom the company's view, dividends are used to let shareholder participate on company`s growth and earnings. NOtably to keep high, an efficient and sustainable relation between the agents (Board of Directors) and principals (Shareholders), but also to decrease necessary control by the market and shareholders. HIgh dividends make an investment more attractive to an investor what raises the demand for a company's stock. ON the other hand, a win-win situation comes up since high demand for stocks makes it easier to gain new and fresh capital during a new issuance of stocks. HOwever, motivation and drivers of dividend payouts and dividend policy differs from company to company, eventually from country to country.