PROYECCION DEL RATIO DE PAGO DE DIVIDENDOS A TRAVES DE LA SIMULACION DE MONTECARLO.

This paper estimated dividend payout using Monte Carlo simulation. The exogenous variables the model was estimated through agency theory. This research was made in Chilean firms in 2001 - 2005, with generalized least squares (GLS) Then endogenous variable was estimated using Monte Carlo simulation. The results showed that Chilean firms pay on average 65% of their profits as dividends. [ABSTRACT FROM AUTHOR]