The Effect of Dividend Policy on Shareholders' Wealth of all Accepted Chemical Companies in Tehran Stock Exchange

被引:0
|
作者
Saeidi, Parviz [1 ]
Khandoozi, Bozorgmehr [2 ]
机构
[1] Islamic Azad Univ, Fac Management & Accounting, Aliabad Katoul Branch, Golestan, Iran
[2] Islamic Azad Univ, Aliabad Katoul Branch, Golestan, Iran
关键词
Bankruptcy Market Price per Share; Dividend Paying; Dividend Policy; Dividend non-paying; Retained Earning per Share;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
The main aim of the present study is the examine the effect of dividend policy on shareholders' wealth of all accepted Chemical Companies in Tehran Stock Exchange (TSE). This research project lasted for 6 years (2003-2009). To analyze the data and examine the effect of independent variables (Dividend per share, Retained Earning per share) on dependent variables (Market price per share), single variables and multi variable regression method as well as mean comparison test were employed. The result of the study indicate that dividend policy has a significant effect on shareholders' wealth among accepted Chemical Companies in Tehran Stock Exchange. There is also, a significant difference between market value of dividend paying companies and dividend non-paying companies.
引用
收藏
页码:14 / 18
页数:5
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