The Effect of Institutional Investors on Dividend Payout
The dividend payout policy is one of the most important issues for managers and stakeholders. The manager should propose to General Shareholders Assembly the amount of the earnings to be distributed and how much to invest in retained earnings. Although dividend payout directly benefits shareholders,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ferdowsi University of Mashhad
2019-12-01
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| Series: | Iranian Journal of Accounting, Auditing & Finance |
| Subjects: | |
| Online Access: | https://ijaaf.um.ac.ir/article_39254_64c191cd2f81b5f1cf85de4e125fb839.pdf |
| _version_ | 1828731512337465344 |
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| author | Masood Fooladi Maryam Farhadi |
| author_facet | Masood Fooladi Maryam Farhadi |
| author_sort | Masood Fooladi |
| collection | DOAJ |
| description | The dividend payout policy is one of the most important issues for managers and stakeholders. The manager should propose to General Shareholders Assembly the amount of the earnings to be distributed and how much to invest in retained earnings. Although dividend payout directly benefits shareholders, it affects a firm's ability to accumulate earnings to take advantage of growth opportunities. The dividend payout policy is also one of the factors that may affect the firm's ownership structure. The purpose of this study is to investigate the effect of institutional ownership on dividend payout policy. Using the systematic elimination method, a sample of 105 companies listed on the Tehran Stock Exchange from 2009 to 2016 is selected. Moreover, multiple regression analysis with panel data is used to test the research hypotheses. This study's findings show that increasing the ownership of mutual funds and other institutional shareholders increase dividend. |
| first_indexed | 2024-04-12T17:47:25Z |
| format | Article |
| id | doaj.art-bb374d81a21c48ddad7230b181ee9a79 |
| institution | Directory Open Access Journal |
| issn | 2717-4131 2588-6142 |
| language | English |
| last_indexed | 2024-04-12T17:47:25Z |
| publishDate | 2019-12-01 |
| publisher | Ferdowsi University of Mashhad |
| record_format | Article |
| series | Iranian Journal of Accounting, Auditing & Finance |
| spelling | doaj.art-bb374d81a21c48ddad7230b181ee9a792022-12-22T03:22:36ZengFerdowsi University of MashhadIranian Journal of Accounting, Auditing & Finance2717-41312588-61422019-12-0134939910.22067/ijaaf.2019.3925439254The Effect of Institutional Investors on Dividend PayoutMasood Fooladi0Maryam Farhadi1Department of Accounting, Shahinshahr Branch, Islamic Azad University, Shahinshahr, IranDepartment of Accounting, Mobarakeh Branch, Islamic Azad University, Mobarakeh, Isfahan, IranThe dividend payout policy is one of the most important issues for managers and stakeholders. The manager should propose to General Shareholders Assembly the amount of the earnings to be distributed and how much to invest in retained earnings. Although dividend payout directly benefits shareholders, it affects a firm's ability to accumulate earnings to take advantage of growth opportunities. The dividend payout policy is also one of the factors that may affect the firm's ownership structure. The purpose of this study is to investigate the effect of institutional ownership on dividend payout policy. Using the systematic elimination method, a sample of 105 companies listed on the Tehran Stock Exchange from 2009 to 2016 is selected. Moreover, multiple regression analysis with panel data is used to test the research hypotheses. This study's findings show that increasing the ownership of mutual funds and other institutional shareholders increase dividend.https://ijaaf.um.ac.ir/article_39254_64c191cd2f81b5f1cf85de4e125fb839.pdfinstitutional ownershipmutual fundsdividend payout policy |
| spellingShingle | Masood Fooladi Maryam Farhadi The Effect of Institutional Investors on Dividend Payout Iranian Journal of Accounting, Auditing & Finance institutional ownership mutual funds dividend payout policy |
| title | The Effect of Institutional Investors on Dividend Payout |
| title_full | The Effect of Institutional Investors on Dividend Payout |
| title_fullStr | The Effect of Institutional Investors on Dividend Payout |
| title_full_unstemmed | The Effect of Institutional Investors on Dividend Payout |
| title_short | The Effect of Institutional Investors on Dividend Payout |
| title_sort | effect of institutional investors on dividend payout |
| topic | institutional ownership mutual funds dividend payout policy |
| url | https://ijaaf.um.ac.ir/article_39254_64c191cd2f81b5f1cf85de4e125fb839.pdf |
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