Dividend policy is one of the most important financial management issues and in fact is the basis of firms' assessment. The value of a company is equal to the net present value of its future cash flows. Investors receive two types of cash yields in reciprocation of their risk taking: Dividend and capital gain (resulted from stock vacillation). Dividend is the most important means of paying cash to investors and therefore is of magnificent significance. So far, scholars have proposed multitudes of models and theories to explain and predict effective factors in corporate decision making in terms of dividends. Any new scientific research should investigate and use the results of previous studies and boost their outcomes, this article presents a comprehensive review of theories related to dividend policy to ease this process.
Etemadi,H and Esmaeili Kojani,M . (2016). A Comprehensive Review of Theories Dividend Policy. Accounting and Auditing Studies, 5(17), 22-35. doi: 10.22034/iaas.2016.99162
MLA
Etemadi,H , and Esmaeili Kojani,M . "A Comprehensive Review of Theories Dividend Policy", Accounting and Auditing Studies, 5, 17, 2016, 22-35. doi: 10.22034/iaas.2016.99162
HARVARD
Etemadi H, Esmaeili Kojani M. (2016). 'A Comprehensive Review of Theories Dividend Policy', Accounting and Auditing Studies, 5(17), pp. 22-35. doi: 10.22034/iaas.2016.99162
CHICAGO
H Etemadi and M Esmaeili Kojani, "A Comprehensive Review of Theories Dividend Policy," Accounting and Auditing Studies, 5 17 (2016): 22-35, doi: 10.22034/iaas.2016.99162
VANCOUVER
Etemadi H, Esmaeili Kojani M. A Comprehensive Review of Theories Dividend Policy. Accounting and Auditing Studies. 2016;5(17):22-35 (In Persian). doi: 10.22034/iaas.2016.99162
