Relative efficiency of management and Dividend policy

Document Type : Original Article

Authors
Leila Negahban
Seyed Hosein Hoseiny
سید حسین Shokri
Department of Accounting, Ka.C., Islamic Azad University, Karaj, Iran.
10.22034/jmaak.2027.24390
Abstract
The aim of the current research is the relative efficiency of management and its impact on the profit sharing policy, which is an applied research, and in terms of its method, it is a correlational research. And in terms of the time dimension, then it is an event. The statistical population of this research is the companies accepted in the stock exchange, which by benefiting from the elimination sampling method and the systematic elimination method by applying the sample selection conditions, there are 132 sample companies for the period of time. 2013-2021 was selected. To analyze data and test hypotheses, multivariate regression analysis and correlation test were used through statistical software Eviews and spss. Data coverage analysis has been used to measure the relative efficiency of management, and the results show that relative efficiency has a negative and significant effect on the non-payment of cash dividends. Also, the results show that the relative efficiency of management in creating operating cash flow has a significant and positive effect on the approved dividend.
Keywords
relative efficiency of management
operating cash flow
Dividend policy
data coverage analysis

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