نویسندگان
1 دانشگاه الزهرا
2 کارشناس اموربین الملل بانک سینا
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
Dividend policy is one of the most controversial financial issues. Moreover,
decisions about dividend policy are taken by corporate executives and
shareholders with comprehensive consideration of macroeconomic factors
and financial risks. Thus this study uses panel data econometric model to
examine the impact of financial risk and volatility of macroeconomic
variables on dividend policy in selected companies listed on Tehran Stock
Exchange during the period 2001-2012.The results of this study indicate that
systematic risk has positive impact on dividend, while non-systematic risk
has negative impact. Other obtained results indicate that economic growth
and inflation volatility have insignificant impact, while the impact of
volatility on dividend in negative.
کلیدواژهها [English]