Atıf Sayısı
4
Görüntüleme
63
İndirme
40
This study investigates perception of dividend payments by managers of dividend distibuting firms listed on the Istanbul Stock Exchange (ISE). Therefore a survey is conducted on the 67 firms that have paid dividends at least for once between the years 2003 and 2006. Following issues, which are stated respectively according to their importances, are found to be considered by managers while establishing their dividend policies; period of dividend payments, impact of dividend payments on firm value and persistence of dividend payments. In the light of the views of the managers it is also deduced that among the dividend distribution theories established by corporate finance literature, their dividend distribution policies support life cycle theory, catering theory and signalling theory however do not support bird in the hand theory and agency costs theory.
This study investigates perception of dividend payments by managers of dividend distibuting firms listed on the Istanbul Stock Exchange (ISE). Therefore a survey is conducted on the 67 companies that have paid dividends at least for once between the years 2003 and 2006. Following issues, which are stated respectively according to their importance, are found to be considered by managers while establishing their dividend policies; period of dividend payments, impact of dividend payments on firm value and persistence of dividend payments. In the light of the views of the managers it is also deduced that among the dividend distribution theories established by corporate finance literature, their dividend distribution policies support life cycle theory, catering theory and signalling theory however do not support bird in the hand theory and agency costs theory.
Alan : Eğitim Bilimleri; Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
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