Impact of large investors on firm dividend policy

Zandi Pour Joopari, GholamReza and Shahabi, Alireza and Naysary, Babak (2013) Impact of large investors on firm dividend policy. In: International Conference on Economic, Finance and Management Outlooks, 5-6 Oct 2013, Pearl International Hotel, Kuala Lumpur.

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Abstract

Block holders have significant impacts on the firm’s policies, especially strategies regarding the payout policy. The purpose of this study is to investigate the relationship between ownership structure and firm dividend policy considering the role of block investors in the companies listed in TSE. We selected 37 public listed companies with state block holders and match them with almost similar companies with non-state block holders in 2012. Running a multiple regression, we found that there is a positive relationship between both types of block holders and firm’s dividend policy. These results support the tax-based hypothesis.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	6323/32576
Subjects:	H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr. GholamReza Zandi Pour Joopari
Date Deposited:	06 Nov 2013 12:58
Last Modified:	06 Nov 2013 12:58
URI:	http://irep.iium.edu.my/id/eprint/32576

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