Hissedar refahını etkileyen değişkenlerin incelenmesi: Bist Temettü Endeksi üzerine bir uygulama
The Determination of Variables Affecting the Shareholder Wealth: Empirical Evidence from the BIST Dividend Index

Summary/Abstract: The effects of firms' profits, both as a source of auto-financing and dividends, have a significant impact on firms and shareholders. Firms want the profit to be used in company investments without distribution as auto-financing, while the shareholders want the profit to be distributed among the shareholders as dividends. In this regard, the company's financing decisions are important for the wealth of shareholders. In this study, the annual data of 23 stocks in the BIST Dividend Index for the years 2010-2021 were used. Panel regression analysis was performed with the data of 8 variables as the dependent variable and shareholder wealth as the independent variable. According to the findings obtained as a result of the analysis, it has been determined that the “MV/BV” variable has a positive and significant effect on shareholder wealth.

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