The Relationship Between Firms Dividend Policies Dividend Announcements And Firm Value is popular PDF and ePub book, written by Merve Arslan in 2023-10-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Relationship Between Firms Dividend Policies Dividend Announcements And Firm Value can be Read Online from any device for your convenience.
The Relationship Between Firms Dividend Policies Dividend Announcements And Firm Value Book PDF Summary
Introduction In today’s finance literature, the main goal of company owners and managers is to maximize the market value of their companies. There are three main decisions that determine the value of companies. These decisions (Akgüç, 2010: 5); • Investment decisions, • Financing decisions, • Dividend policy decisions. When making decisions regarding the company’s investment, financing and dividend distribution, the financial manager must investigate which decision will maximize the company value and implement it. Dividend policy includes decisions about how much of the company’s profit earned at the end of the year will be distributed to shareholders as dividends and how much will not be distributed and left within the company. Investors prefer to invest their savings in stocks that will provide regular and high dividend yields. However, expecting the company to pay high dividends and expecting it to grow are two conflicting goals. A company that distributes high dividends will do less self-financing. The dividend policy determined by company managers should not hinder the growth of the company and should also meet the dividend expectations of the shareholders (Demirel, 2014: 93). Investors will prefer to invest their savings in the stocks of companies that pay stable dividends. If companies pay dividends consistently, investors will perceive the company as being in good shape. This study aims to determine whether companies announcing to the public that they will pay dividends will cause abnormal returns in the stocks of the relevant companies. In other words, the impact of companies’ decision to distribute dividends on the value of the relevant companies was investigated. According to the efficient markets hypothesis, in semi-strong form efficient markets, firms cannot obtain abnormal returns on their stocks with any information they disclose to the public. With this study, it will be determined how the company value is affected when companies’ dividend distribution decisions are announced to the public. Moreover, it will be revealed to what extent the capital market in Turkey is effective in semi-strong form.
Detail Book of The Relationship Between Firms Dividend Policies Dividend Announcements And Firm Value PDF
- Author : Merve Arslan
- Release : 12 October 2023
- Publisher : Nida Yayıncılık
- ISBN : 9786057225672
- Genre : Business & Economics
- Total Page : 62 pages
- Language : English
- PDF File Size : 17,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Relationship Between Firms Dividend Policies Dividend Announcements And Firm Value by Merve Arslan, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.