Investigation the Impact of Financial performance indicators on Dividend Policy

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Published Oct 25, 2016
DOI https://doi.org/10.18844/gjbem.v6i1.379

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Ali Maghool
Islamic Azad University

Abstract

Abstract

This paper aims to study the effect of Financial performance indicators on the dividend policy among companies listed on the Tehran Stock Exchange. The statistical sample includes 91 companies between 2008 and 2012. Dividend policy was considered a dependent variable, independent variables were economic value added, market value added, return on assets, and market to book value ratio, and control variables included company size and systematic risk. In the theoretical principles part, data were gathered through library method, and in the part of hypothesis tests, data were collected from financial statements and the Tehran Stock Exchange Website. Data were then examined in a multiple regression analysis and a correlation test. Results showed that Financial performance indicators indicators are direct and significant effects on dividend policy.

Keywords: Dividend Policy, Financial performance indicators, Economic Value Added, Market Value Added, Return on Assets

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Vol 6 No 1 (2016): May
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