Payout Policy: An Empirical Test of the Catering Theory of Dividend in Tehran Stock Exchange (TSE)
Catering theory of dividend is based on the principle that managers balance dividend policy with investors’ varying demand for cash dividend. In this paper, catering theory of dividend in Tehran Stock Exchange (TSE) was tested with market-level and firm-level variables for 420 observation (7 years,...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
Alzahra University
2015-03-01
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| Series: | راهبرد مدیریت مالی |
| Subjects: | |
| Online Access: | http://jfm.alzahra.ac.ir/article_1957_0899080fc27af5091ea369f3996e99b1.pdf |