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Management Science Letters

ISSN 1923-9343 (Online) - ISSN 1923-9335 (Print)
Quarterly Publication
Volume 4 Issue 8 pp. 1849-1858 , 2014

Stock market liquidity and firm dividend policy: Evidence from Tehran Stock Exchange Pages 1849-1858 Right click to download the paper Download PDF

Authors: Hassan Ghodrati, Seyed Reza Ghazi Fini, Naser Azad, Amir Hassanjani Roshan

Keywords: Dividend policy, Stock liquidity, Tehran Stock Exchange

Abstract: In this study, we examined the relationship between the dividend policy and shares liquidity under different criteria on 80 selected firms listed on Tehran Stock Exchange over the period 2007-2011. We used of Amivest, turnover, Gopalan and flow measures for shares liquidity. Using some statistical tests, the study has determined that there was not any meaningful relationship between Amivest liquidity with dividend policy. However, the study detected a reverse relationship between turnover liquidity and with dividend policy, and direct relationship between Gopalan liquidity with dividend policy and between flow liquidity with dividend policy.

How to cite this paper
Ghodrati, H., Fini, S., Azad, N & Roshan, A. (2014). Stock market liquidity and firm dividend policy: Evidence from Tehran Stock Exchange.Management Science Letters , 4(8), 1849-1858.

Refrences
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Journal: Management Science Letters | Year: 2014 | Volume: 4 | Issue: 8 | Views: 4722 | Reviews: 0

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