Study of the Impact of Financial Flexibility on Dividend Policy with Respect to the Life Cycle (A Study Case: Tehran Stock Exchange Listed Companies, Iran)
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2017, Vol 5, Issue 6
Abstract
The main purpose of this study is determination of the relation between financial flexibility and dividend policy under the moderating effect of lifecycle among the firms listed on Tehran's stock exchange between 2008 and 2015. . In this regard, entire information related to entire firms and companies listed on Tehran's stock exchange have been made use of. In addition, the databases of firms of Tadbirpardaz© and Rahavard Novin© have been used for calculation of dependent research variables. Nonetheless, data belonging to firms have been reviewed through investigation of journals, disks that are provided by the stock exchange organization and the website of Tehran stock services and also reports published by Tehran's organization of stock exchange. Results have shown that the variable of lifecycle has no statistically significant effects on dividend policy. Results of the study regarding effectiveness of lifecycle on the relationship between financial flexibility and paid dividends are also validated.
Authors and Affiliations
Hamideh Buye, Hamzeh Didar
Keywords
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