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The Effect of the Business Strategies on the Profit Sharing Policy, Emphasizing the Moderating Role of the Company's Financial Factors
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Abbas Ghodratizoeram *   , Mohammad Norouzi |
| Assistant Professor, Department of Accounting, Faculty of Humanities, Ishraq Institute of Higher Education, North Khorasan, Iran (corresponding author). (Abbas.ghodratizoeram@gmail.com) |
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Abstract: (391 Views) |
One of the challenges of organizations is competition and the desire to increase profits. Considering the extent and competition in the markets compared to the past, many companies try to gain a competitive advantage by formulating appropriate competitive strategies. Dividend policy is one of the most important issues raised in the theoretical research literature, based on which the shareholders will also make relevant decisions. Therefore, when companies are faced with the problem of high information asymmetry, they raise their dividend payout percentage in order to reduce the level of information asymmetry, as well as a sign of profitability and quality. Based on this argument, the aim of the current research is to investigate the effect of the moderating role of company characteristics on the relationship between business strategies and the company's dividend policy using a sample of 130 companies during the years 2015 to 2015. The results obtained from the first hypothesis indicate that there is a significant relationship between business strategy and profit sharing policy. Also, business strategy has a moderating role on the relationship between dividend policy and investment opportunities and company performance.
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| Keywords: Financial factors of the company, business strategies, dividend policy |
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Full-Text [PDF 864 kb]
(175 Downloads)
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Type of Study: Research |
Subject:
Auditing
Received: 2022/07/17 | Accepted: 2023/03/1 | Published: 2023/03/1
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