List of Articles نسبت بازده حقوق صاحبان سهام

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  1 - The impact of ownership concentration and dividend policy on the financial performance and capital structure of banks
  Amirreza Keyghobadi Marjan Damankeshideh
  In public companies, shareholders (employers) delegate decision-making power to their directors (ie, control, albeit to varying degrees, of ownership of this separation of interests). Managers are working in the best interests of the owners, as has been suggested by Mal More

  In public companies, shareholders (employers) delegate decision-making power to their directors (ie, control, albeit to varying degrees, of ownership of this separation of interests). Managers are working in the best interests of the owners, as has been suggested by Mali's theory. In public corporations, ownership structures can be fragmented (large number of small shareholders) or concentrated (small number of major shareholders). When ownership is in the hands of the overwhelming agents, the centralized control system and when the ownership is distributed, the control system will be decentralized. Since ownership concentration is seen as an important determinant of corporate governance, it seems that the identity of the controlling owners has a fundamental role to play in ownership. In this paper, the effect of dividend policy and ownership concentration on the financial performance and capital structure of the banks listed in Tehran Stock Exchange is investigated using static panel estimators. The estimation of the regression model is done in 3 separate models. The research period is between 2012 and 2017 in 17 selected banks of the country. Manuscript profile