نوع مقاله : مقاله پژوهشی
نویسندگان
1 دانشجوی دکتری گروه حسابداری، واحد تهران مرکزی، دانشگا ه آزاد اسلامی، تهران، ایرا ن
2 دانشیار گروه حسابداری، واحد تهران مرکزی، دانشگا ه آزاد اسلامی، تهران، ایران
3 استادیار گروه حسابداری، واحد تهران مرکزی، دانشگا ه آزا د اسلامی، تهران، ایرا ن
چکیده
کلیدواژهها
عنوان مقاله [English]
نویسندگان [English]
The purpose of this study is to investigate the effects of dividends, financial leverage and profitability on each other in terms of dynamic and static models that are the result of combined data of 144 companies in the years 2013-2018. According to the dynamic model, dividends and profitability of the previous period affect the same variables of the current period. Also, the dividends in the previous one and two financial periods affect the dividends in the current period. Based on dynamic and static models, profitability does not affect financial leverage, but dividends payable have a significant negative effect on financial leverage. Dividends paid also have a positive effect on profitability. Only the static model shows the significant positive effect of financial leverage on the company's profitability. Findings of both models show that there is no significant effect of profitability on dividends. Regarding the effect of financial leverage on dividends, static dynamic models show conflicting results, so that the dynamic model shows a significant negative impact and the static model shows a significant positive effect of financial leverage on dividends.
کلیدواژهها [English]