Investigating the relationship between ownership structure and board composition on dividend policy of companies accepted in Tehran Stock Exchange
Hadi Amini
Assistant Professor, Department of Administrative and Economic Sciences, University of Gonbad Kavoos, Gonbad Kavoos, Iran
Abstract
One of the objectives of financial reporting is to provide information that is useful for investors, creditors and other current and potential users in investment and credit decision making and other decisions. The purpose of this study was to investigate the relationship between ownership structure and composition of the board on the dividend policy of the companies accepted in Tehran Stock Exchange. The research method used is a descriptive correlational survey. The statistical sample of this study included 60 companies in the Tehran Stock Exchange and the method of sampling was systematic knockout.
The research data were collected using library and clipping methods and the tools used in T-Shirzad software and Comprehensive Information Bank of the Organization of the Exchange. Also, for analyzing data, data integration method using Eviews 8 software has been used. The results showed that there is a significant relationship between the structure of ownership and composition of the board on the dividend policy of the companies accepted in Tehran Stock Exchange.
Key words: ownership structure, board composition, dividend policy, Tehran Stock Exchange
