The Effect of Dividend Policy on Stock Price: Evidence from An Emerging Country
The Effect of Dividend Policy on Stock Price: Evidence from An Emerging Country
Author(s): Harun Dereli, Mehmet Sabri TopakSubject(s): Economic policy, International relations/trade, Financial Markets, Fiscal Politics / Budgeting
Published by: İşletme Araştırmaları Dergisi
Keywords: Dividend Policy; Stock Price Return; Borsa Istanbul; Turkey;
Summary/Abstract: This study attempts to explore the effect of dividend policy on the stock prices of the companies in Turkey. A balanced panel data set has been formed with 102 companies listed on Borsa Istanbul Industrial Index (XUSIN) for the period 2004-2016. The results of the models used in the study show no statistically significant effect of gross dividend payout ratio, cash dividend payout ratio and their one-year lagged values on stock prices.
Journal: İşletme Araştırmaları Dergisi
- Issue Year: 10/2018
- Issue No: 4
- Page Range: 1186-1197
- Page Count: 12
- Language: English