Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms
The purpose of this study is to investigate the impact of profitability and leverage ratios on the determination of dividend policy for Turkish financial firms listed on Borsa Istanbul. In order to do so, secondary longitudinal data were collected for the listed financial firms from the DataStream d...
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| Format: | Article |
| Language: | English |
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Tishk International University
2021-11-01
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| Series: | Eurasian Journal of Management & Social Sciences |
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| Online Access: | https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/44 |
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| author | Hariem Abdullah |
| author_facet | Hariem Abdullah |
| author_sort | Hariem Abdullah |
| collection | DOAJ |
| description | The purpose of this study is to investigate the impact of profitability and leverage ratios on the determination of dividend policy for Turkish financial firms listed on Borsa Istanbul. In order to do so, secondary longitudinal data were collected for the listed financial firms from the DataStream database over the period 2008-2020. The financial crisis of 2007-2008 affected the sector undoubtedly. Thus, it is important to investigate how dividend policy behaves with debt level and level of profitability in the financial sector of developing countries after the well-known financial crisis. The research expects that both profitability and leverage have a significant correlation with the dividend payout ratio. Consistent to the findings of the majority of the prior empirical studies, the results of this study found that both profitability and leverage are negatively associated with the dividend payout ratio. |
| format | Article |
| id | doaj-art-c1c68b1cfb3f4be689756dda956a704f |
| institution | DOAJ |
| issn | 2708-177X 2708-034X |
| language | English |
| publishDate | 2021-11-01 |
| publisher | Tishk International University |
| record_format | Article |
| series | Eurasian Journal of Management & Social Sciences |
| spelling | doaj-art-c1c68b1cfb3f4be689756dda956a704f2025-08-20T03:08:57ZengTishk International UniversityEurasian Journal of Management & Social Sciences2708-177X2708-034X2021-11-0123153010.23918/ejmss.V2i3p1545Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial FirmsHariem Abdullah0Accounting Department, University of Sulaimani, Business and Management Department, Faculty of Administrative Sciences and Economics, Tishk International University, Kurdistan Region, Erbil, Iraq.The purpose of this study is to investigate the impact of profitability and leverage ratios on the determination of dividend policy for Turkish financial firms listed on Borsa Istanbul. In order to do so, secondary longitudinal data were collected for the listed financial firms from the DataStream database over the period 2008-2020. The financial crisis of 2007-2008 affected the sector undoubtedly. Thus, it is important to investigate how dividend policy behaves with debt level and level of profitability in the financial sector of developing countries after the well-known financial crisis. The research expects that both profitability and leverage have a significant correlation with the dividend payout ratio. Consistent to the findings of the majority of the prior empirical studies, the results of this study found that both profitability and leverage are negatively associated with the dividend payout ratio.https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/44dividend policyprofitabilityleveragefinancial firmsborsa istanbul |
| spellingShingle | Hariem Abdullah Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms Eurasian Journal of Management & Social Sciences dividend policy profitability leverage financial firms borsa istanbul |
| title | Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms |
| title_full | Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms |
| title_fullStr | Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms |
| title_full_unstemmed | Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms |
| title_short | Profitability and Leverage as Determinants of Dividend Policy: Evidence of Turkish Financial Firms |
| title_sort | profitability and leverage as determinants of dividend policy evidence of turkish financial firms |
| topic | dividend policy profitability leverage financial firms borsa istanbul |
| url | https://ejmss.tiu.edu.iq/index.php/ejmss/article/view/44 |
| work_keys_str_mv | AT hariemabdullah profitabilityandleverageasdeterminantsofdividendpolicyevidenceofturkishfinancialfirms |