Impact of large investors on firm dividend policy
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....
| Main Authors: | , , |
|---|---|
| Format: | Proceeding Paper |
| Language: | English |
| Published: |
2013
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/32576/ http://irep.iium.edu.my/32576/1/ICEFMO-Conference_Proceeding.pdf |
| _version_ | 1848780585581936640 |
|---|---|
| author | Zandi Pour Joopari, GholamReza Shahabi, Alireza Naysary, Babak |
| author_facet | Zandi Pour Joopari, GholamReza Shahabi, Alireza Naysary, Babak |
| author_sort | Zandi Pour Joopari, GholamReza |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T15:36:01Z |
| format | Proceeding Paper |
| id | iium-32576 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T15:36:01Z |
| publishDate | 2013 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-325762013-11-06T04:58:40Z http://irep.iium.edu.my/32576/ Impact of large investors on firm dividend policy Zandi Pour Joopari, GholamReza Shahabi, Alireza Naysary, Babak HG4001 Financial management. Business finance. Corporation finance. 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. 2013-10-05 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/32576/1/ICEFMO-Conference_Proceeding.pdf 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. http://www.pakinsight.com/ |
| spellingShingle | HG4001 Financial management. Business finance. Corporation finance. Zandi Pour Joopari, GholamReza Shahabi, Alireza Naysary, Babak Impact of large investors on firm dividend policy |
| title | Impact of large investors on firm dividend policy |
| title_full | Impact of large investors on firm dividend policy |
| title_fullStr | Impact of large investors on firm dividend policy |
| title_full_unstemmed | Impact of large investors on firm dividend policy |
| title_short | Impact of large investors on firm dividend policy |
| title_sort | impact of large investors on firm dividend policy |
| topic | HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/32576/ http://irep.iium.edu.my/32576/ http://irep.iium.edu.my/32576/1/ICEFMO-Conference_Proceeding.pdf |