AN EMPIRICAL STUDY FROM TURKEY ABOUT THE RELATIONSHIP BETWEEN FIRM PERFORMANCE AND DIVIDEND POLICY WITH THE BORSA ISTANBUL DIVIDEND INDEX (XTMTU) COMPANIES
Journal Title: Ufuk Üniversitesi Sosyal Bilimler Enstitüsü Dergisi - Year 2017, Vol 6, Issue 11
Abstract
In this study, the factors affecting the dividend policies of 24 non-financial companies, which were traded at the Borsa Istanbul Dividend Index (XTMTU) and distributed regular dividends between 2011 and 2015, were investigated by panel regression method. As a dependent variable, the dividend distribution ratio was selected to examine the firm dividend policy. As company performance measures, current ratio, return on equity (ROE), return on assets (ROA), debt/equity ratio and short-term debt/total debt ratio were selected. The results indicate that the dividend distribution ratio and the current ratio, ROE and ROA are positively correlated. However, the effect of the debt/equity ratio and the short-term debt/total debt ratio on dividend policy is negative/meaningless.
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Alev Dilek Aydın
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- EP ID EP474953
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