Discovery Projects - Grant ID: DP160103037

Funding Activity

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Funded Activity Summary

The Aging Population, Superannuation and Corporate Dividend Policy. The project intends to examine how population wealth and age affect one important aspect of corporate decision-making, namely dividend policy. Researchers invest considerable effort in understanding how demographics impact upon the need for, and structure of, government systems including social security and taxation, but relatively little is known about its effect on capital markets or corporate decision-making. Although individual investors are, by nature, atomistic, the project argues changes in investor preferences will ultimately prompt companies to alter their dividend policies. Pressure on firms to update these policies will come from superannuation and pension fund managers who, as fiduciaries, will invest money consistent with clients' revised preferences. The project aims to more fully characterise how Australia's ageing population will affect the public and private sectors.

Funded Activity Details

Start Date: 30-06-2016

End Date: 31-12-2020

Funding Scheme: Discovery Projects

Funding Amount: $310,000.00

Funder: Australian Research Council