نوع مقاله : مقاله پژوهشی
نویسندگان
1 گروه حسابداری، واحد قزوین، دانشگاه آزاد اسلامی، قزوین، ایران
2 استادیار، گروه حسابداری، واحد لاهیجان، دانشگاه آزاد اسلامی، لاهیجان، ایران
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The decision on the amount of payment of dividend is an important decision that the company is facing with it because dividend is an effective factors on the value of the company.Dividend, reward to stockholder for their investment and risk bearing, depends on various factors.Foremost of these determinants are level of profits, Institutional investors and regulatory mechanism.Accordingly,the internal control system, as a regulatory mechanism may is bound to have a significant influence on the dividend policy. An effective internal control system can help limit managers' opportunistic behaviors and lead to greater compliance with financial reporting standards.This is especially a problem when the internal control system is weak financial reporting system cannot generate precise information. Institutional investors can be more effective monitors as and can adopt various formal and informal mechanisms to affect management. However, the heterogeneity of their investment horizons across institutional investors may influence the extent to which management is effectively monitored. Therefore, the purpose of this study is to Investigating the effect of the effect of quality of internal controls on Dividend Policy With Emphasis on the moderating role of Institutional Investors Horizon.Therefore, to achieve the research goal, 90 sample companies were collected in the period 2013 to 2021 and analyzed by descriptive-correlation analysis with multiple regression tests. The results showed that there is a positive and significant relationship between the quality of internal controls and dividend policy and long-term institutional investors have a moderating effect on the relationship between the quality of internal controls and dividend policy.
کلیدواژهها [English]
References