Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach

Cilt: 7 Sayı: 2 1 Haziran 2017
  • Akram Budagaga
International Journal of Economics and Financial Issues Kapak
International Journal of Economics and Financial Issues
PDF İndir
EN

Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach

Abstract

The aim of this study is to examine the impact of dividend payments on the value of firms listed on the Istanbul Stock Exchange (ISE). The study has been adapted the Residual Income Approach based on Ohlson's (1995) valuation model. By testing different statistical techniques, fixed effect is applied on panel data for 44 firms listed on Istanbul Stock Exchange for the period 2007-2015, inclusive. The findings show a positive significant relationship between dividend payments and the value of firms. The results tend to support agency cost rather than the signaling hypothesis explanation. Moreover, the study suggests that the dividends irrelevance hypothesis is invalid in the case of firms listed on the (ISE).

Keywords

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Akram Budagaga Bu kişi benim

Yayımlanma Tarihi

1 Haziran 2017

Gönderilme Tarihi

1 Haziran 2017

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2017 Cilt: 7 Sayı: 2

IZ

https://izlik.org/JA35EC64ZA

Kaynak Göster

RIS / Bibtex
APA
Budagaga, A. (2017). Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. International Journal of Economics and Financial Issues, 7(2), 370-376. https://izlik.org/JA35EC64ZA
AMA
1.Budagaga A. Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. IJEFI. 2017;7(2):370-376. https://izlik.org/JA35EC64ZA
Chicago
Budagaga, Akram. 2017. “Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach”. International Journal of Economics and Financial Issues 7 (2): 370-76. https://izlik.org/JA35EC64ZA.
EndNote
Budagaga A (01 Haziran 2017) Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. International Journal of Economics and Financial Issues 7 2 370–376.
IEEE
[1]A. Budagaga, “Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach”, IJEFI, c. 7, sy 2, ss. 370–376, Haz. 2017, [çevrimiçi]. Erişim adresi: https://izlik.org/JA35EC64ZA
ISNAD
Budagaga, Akram. “Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach”. International Journal of Economics and Financial Issues 7/2 (01 Haziran 2017): 370-376. https://izlik.org/JA35EC64ZA.
JAMA
1.Budagaga A. Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. IJEFI. 2017;7:370–376.
MLA
Budagaga, Akram. “Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach”. International Journal of Economics and Financial Issues, c. 7, sy 2, Haziran 2017, ss. 370-6, https://izlik.org/JA35EC64ZA.
Vancouver
1.Akram Budagaga. Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. IJEFI [Internet]. 01 Haziran 2017;7(2):370-6. Erişim adresi: https://izlik.org/JA35EC64ZA