Effect of Dividend Distribution on Price Volatility In BIST Cover Image

BİST’te Fiyat Oynaklığı Üzerine Kar Payı Dağıtımının Etkisi
Effect of Dividend Distribution on Price Volatility In BIST

Author(s): Aynur Süsay, Cihan Tanriöven
Subject(s): Economy, Evaluation research, Financial Markets
Published by: İşletme Araştırmaları Dergisi
Keywords: Stock; Stock Price Volatility; Dividend; Dividend Distribution Policy;

Summary/Abstract: Factors that affect the stock price of companies and how these factors fluctuate on the stock price is an important issue for company management, investors and other people and institutions that are associated with the company. The effect of the dividend distributions of the companies that are one of those factors on the stock price is the purpose of this study. 2010-2017 period data of non-financial companies and non-sport companies traded in the BIST 100 were used in the study. Firstly, the effect of the dividend distribution on the stock price was shown on the graph and then it was analyzed by Wilcoxon Signed Rank Test, whether or not stock prices were statistically different. According to study findings, it has been determined that dividend distribution has the effect on stock price and cash dividend distribution is more effective than the other types of dividend distribution on stock price.

  • Issue Year: 10/2018
  • Issue No: 1
  • Page Range: 103-118
  • Page Count: 16
  • Language: Turkish