The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)

Dividend policy constitutes an effective factor on shareholders wealth maximization, as the main goal of the firms. For this reason, the question of dividend policy has been one of the most important topics in corporate finance. This study investigates the effects of ownership structure and board co...

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Autores principales:	Mohammad Hossein Setayesh, Mostafa Kazemnejad
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2012
Materias:	dividend policy ownership structure shareholders composition ownership concentration board composition Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/32bb8d522a714f13bd0100fd1db1af35
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spelling	oai:doaj.org-article:32bb8d522a714f13bd0100fd1db1af352021-11-04T19:40:21ZThe Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)2008-89142476-292X10.22103/jak.2012.54https://doaj.org/article/32bb8d522a714f13bd0100fd1db1af352012-06-01T00:00:00Zhttps://jak.uk.ac.ir/article_54_e8f11057aa56d29a3e8b8d44f154fd8a.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XDividend policy constitutes an effective factor on shareholders wealth maximization, as the main goal of the firms. For this reason, the question of dividend policy has been one of the most important topics in corporate finance. This study investigates the effects of ownership structure and board composition on dividend policy of the firms listed in the Tehran Stock Exchange. In this regard, multiple regression is used and the effects of earning growth and previous year dividend policy is controlled. Investigations of the 77 firms from 1382 to 1386 reveal that the corporate ownership and board independence, positively and institutional ownership, negatively affect the dividend payout ratio of the firms listed in the Tehran Stock Exchange. However, no evidence confirming significant correlation between managerial ownership and ownership concentration with dividend policy is found.Mohammad Hossein SetayeshMostafa KazemnejadShahid Bahonar University of Kermanarticledividend policyownership structureshareholders compositionownership concentrationboard compositionAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 1, Iss 1, Pp 29-51 (2012)
institution	DOAJ
collection	DOAJ
language	FA
topic	dividend policy ownership structure shareholders composition ownership concentration board composition Accounting. Bookkeeping HF5601-5689
spellingShingle	dividend policy ownership structure shareholders composition ownership concentration board composition Accounting. Bookkeeping HF5601-5689 Mohammad Hossein Setayesh Mostafa Kazemnejad The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
description	Dividend policy constitutes an effective factor on shareholders wealth maximization, as the main goal of the firms. For this reason, the question of dividend policy has been one of the most important topics in corporate finance. This study investigates the effects of ownership structure and board composition on dividend policy of the firms listed in the Tehran Stock Exchange. In this regard, multiple regression is used and the effects of earning growth and previous year dividend policy is controlled. Investigations of the 77 firms from 1382 to 1386 reveal that the corporate ownership and board independence, positively and institutional ownership, negatively affect the dividend payout ratio of the firms listed in the Tehran Stock Exchange. However, no evidence confirming significant correlation between managerial ownership and ownership concentration with dividend policy is found.
format	article
author	Mohammad Hossein Setayesh Mostafa Kazemnejad
author_facet	Mohammad Hossein Setayesh Mostafa Kazemnejad
author_sort	Mohammad Hossein Setayesh
title	The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
title_short	The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
title_full	The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
title_fullStr	The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
title_full_unstemmed	The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)
title_sort	effects of ownership structure and board composition on the dividend policy of the listed firms in tehran stock exchange (tse)
publisher	Shahid Bahonar University of Kerman
publishDate	2012
url	https://doaj.org/article/32bb8d522a714f13bd0100fd1db1af35
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The Effects of Ownership Structure and Board Composition on the Dividend Policy of the Listed Firms in Tehran Stock Exchange (TSE)

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