Comparison of the impact of Covid-19 on financial restrictions and dividend payment policy of government and non-government companies of Tehran Stock Exchange

Subject Areas : مدیریت

Fatemeh  Mehralian ¹ (PhD student, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran)
Amir  Mohammadzadeh ² (Associate Professor, Department of Management, Qazvin Branch, Islamic Azad University, Qazvin, Iran (in charge of correspondence))

Received: 2023-11-19 Accepted : 2024-06-11 Published : 2024-06-18

Keywords: outbreak of Covid-19, financial restrictions, dividend payment policy, government and non-government companies.,

Abstract :

Abstract: The purpose of this research is to investigate the impact of the outbreak of the Covid-19 disease on the financial restrictions and dividend payment policy in government and non-government companies admitted to the Tehran Stock Exchange. The research method is descriptive-correlative in terms of its applied purpose and in terms of its nature and method, and the data collection method is library and archival. The statistical population of this research includes all the companies accepted in the Tehran Stock Exchange from 2016 to 2021 and according to the considered conditions and limitations, 151 companies were selected as the statistical sample of the research. By using two multivariable regression models and with the help of a combined data model, the research hypotheses were tested and the results showed that the outbreak of the Covid-19 disease has a positive and significant effect on the financial limits of the companies admitted to the Tehran Stock Exchange, as well as the spread of Covid-19 has had a negative and significant impact on the dividend payment policy of companies listed in the Tehran Stock Exchange. The extent of the impact of the outbreak of the Covid-19 disease on the financial restrictions and dividend payment policy of government and non-government companies of the Tehran Stock Exchange has been different.