Investigating the Effect of Investor Pressure on Dividend Policy
Purpose: Dividend payment decisions are one of the critical components of corporate policy and one of the most important issues in the financial literature. On the one hand, they affect companies' investments. On the other hand, many shareholders with short-term investment horizons want to dist...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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Ayandegan Institute of Higher Education, Tonekabon,
2021-09-01
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| Series: | مدیریت نوآوری و راهبردهای عملیاتی |
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| Online Access: | http://www.journal-imos.ir/article_132584_36b9c13672012cc286264cdf7ce796cf.pdf |
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| _version_ | 1832577847167811584 |
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| author | Seyed Reza Seyed Nezhad Fahim Ayat Balali Fereshteh Hasanzadeh |
| author_facet | Seyed Reza Seyed Nezhad Fahim Ayat Balali Fereshteh Hasanzadeh |
| author_sort | Seyed Reza Seyed Nezhad Fahim |
| collection | DOAJ |
| description | Purpose: Dividend payment decisions are one of the critical components of corporate policy and one of the most important issues in the financial literature. On the one hand, they affect companies' investments. On the other hand, many shareholders with short-term investment horizons want to distribute cash dividends, so managers must constantly balance their interests and profitable investment opportunities to maximize wealth. This study examines the effect of investor pressure on dividend policy.Methodology: Eighty-four companies listed on the Tehran Stock Exchange from 2013 to 2018 were selected. Using the combined data approach, we tested the research hypotheses.Findings: The results of this study indicate that the pressure of investors has a positive and significant effect on the dividend per share and the ratio of dividends to sales.Originality/Value: Explaining the policy of profit sharing of companies and its determining factors is one of the biggest challenges that has always been faced by thinkers in the field of financial economics, which was examined in the present study. |
| format | Article |
| id | doaj-art-e70b7b2184b84194aa8db8296c87d663 |
| institution | Kabale University |
| issn | 2783-1345 2717-4581 |
| language | fas |
| publishDate | 2021-09-01 |
| publisher | Ayandegan Institute of Higher Education, Tonekabon, |
| record_format | Article |
| series | مدیریت نوآوری و راهبردهای عملیاتی |
| spelling | doaj-art-e70b7b2184b84194aa8db8296c87d6632025-01-30T14:59:31ZfasAyandegan Institute of Higher Education, Tonekabon,مدیریت نوآوری و راهبردهای عملیاتی2783-13452717-45812021-09-012216717910.22105/imos.2021.291730.1126132584Investigating the Effect of Investor Pressure on Dividend PolicySeyed Reza Seyed Nezhad Fahim0Ayat Balali1Fereshteh Hasanzadeh2Department of Accounting, Lahijan Branch, Islamic Azad University, Lahijan, Iran.Department of Accounting, Siahkal Center, Islamic Azad University, Siahkal, Iran.Department of Accounting, Qadir Institute of Higher Education, Langarud, IranPurpose: Dividend payment decisions are one of the critical components of corporate policy and one of the most important issues in the financial literature. On the one hand, they affect companies' investments. On the other hand, many shareholders with short-term investment horizons want to distribute cash dividends, so managers must constantly balance their interests and profitable investment opportunities to maximize wealth. This study examines the effect of investor pressure on dividend policy.Methodology: Eighty-four companies listed on the Tehran Stock Exchange from 2013 to 2018 were selected. Using the combined data approach, we tested the research hypotheses.Findings: The results of this study indicate that the pressure of investors has a positive and significant effect on the dividend per share and the ratio of dividends to sales.Originality/Value: Explaining the policy of profit sharing of companies and its determining factors is one of the biggest challenges that has always been faced by thinkers in the field of financial economics, which was examined in the present study.http://www.journal-imos.ir/article_132584_36b9c13672012cc286264cdf7ce796cf.pdfdividend policyinvestor pressureswing trade |
| spellingShingle | Seyed Reza Seyed Nezhad Fahim Ayat Balali Fereshteh Hasanzadeh Investigating the Effect of Investor Pressure on Dividend Policy مدیریت نوآوری و راهبردهای عملیاتی dividend policy investor pressure swing trade |
| title | Investigating the Effect of Investor Pressure on Dividend Policy |
| title_full | Investigating the Effect of Investor Pressure on Dividend Policy |
| title_fullStr | Investigating the Effect of Investor Pressure on Dividend Policy |
| title_full_unstemmed | Investigating the Effect of Investor Pressure on Dividend Policy |
| title_short | Investigating the Effect of Investor Pressure on Dividend Policy |
| title_sort | investigating the effect of investor pressure on dividend policy |
| topic | dividend policy investor pressure swing trade |
| url | http://www.journal-imos.ir/article_132584_36b9c13672012cc286264cdf7ce796cf.pdf |
| work_keys_str_mv | AT seyedrezaseyednezhadfahim investigatingtheeffectofinvestorpressureondividendpolicy AT ayatbalali investigatingtheeffectofinvestorpressureondividendpolicy AT fereshtehhasanzadeh investigatingtheeffectofinvestorpressureondividendpolicy |