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

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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 s...

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Bibliographic Details
Main Authors: Harun Dereli, Mehmet Sabri Topak
Format: Article
Language:English
Published: Isarder 2021-06-01
Series:İşletme Araştırmaları Dergisi
Subjects:
Dividend Policy
Stock Price Return
Borsa Istanbul
Online Access:https://isarder.org/index.php/isarder/article/view/727
Description
Summary: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.
ISSN:1309-0712

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