EN
The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange
Abstract
In this study, the relationship of ownership and dividend policy has been investigated. For this purpose, data of 2080 firm-year were used in the period of 2002-2016. In this study, the effect of ownership on dividend policy was estimated as exogenous. For ownership, we used institutional and corporate type. The results were analyzed through software R by using GLM and PGLM. The simple logistic regression and logistic panel model was fitted and Akaike's criterion was used for comparing the methods. It was observed that the p-value of institutional and corporate investors is less than 0.05, so these two variables have a significant effect on the dividend policy. For the control variables, observations shows that only net income and firm size don't have a significant effect on dividend policy but other control variables have a significant effect.
Keywords
Details
Primary Language
English
Subjects
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Journal Section
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Publication Date
June 1, 2017
Submission Date
June 1, 2017
Acceptance Date
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Published in Issue
Year 2017 Volume: 7 Number: 2
APA
Filsaraei, M., & Zarei, A. (2017). The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange. International Journal of Economics and Financial Issues, 7(2), 664-671. https://izlik.org/JA37EX48LM
AMA
1.Filsaraei M, Zarei A. The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange. IJEFI. 2017;7(2):664-671. https://izlik.org/JA37EX48LM
Chicago
Filsaraei, Mahdi, and Alireza Zarei. 2017. “The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange”. International Journal of Economics and Financial Issues 7 (2): 664-71. https://izlik.org/JA37EX48LM.
EndNote
Filsaraei M, Zarei A (June 1, 2017) The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange. International Journal of Economics and Financial Issues 7 2 664–671.
IEEE
[1]M. Filsaraei and A. Zarei, “The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange”, IJEFI, vol. 7, no. 2, pp. 664–671, June 2017, [Online]. Available: https://izlik.org/JA37EX48LM
ISNAD
Filsaraei, Mahdi - Zarei, Alireza. “The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange”. International Journal of Economics and Financial Issues 7/2 (June 1, 2017): 664-671. https://izlik.org/JA37EX48LM.
JAMA
1.Filsaraei M, Zarei A. The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange. IJEFI. 2017;7:664–671.
MLA
Filsaraei, Mahdi, and Alireza Zarei. “The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange”. International Journal of Economics and Financial Issues, vol. 7, no. 2, June 2017, pp. 664-71, https://izlik.org/JA37EX48LM.
Vancouver
1.Mahdi Filsaraei, Alireza Zarei. The Relationship Between Ownership and Dividend Policy: Evidence from Tehran Stock Exchange. IJEFI [Internet]. 2017 Jun. 1;7(2):664-71. Available from: https://izlik.org/JA37EX48LM