The aim of this project is to analyze the effects of ownership structure and cash flows on dividend policies of manufacturing firms listed in Tehran stock exchange, within the period of 2002 to 2009. The statistical population includes 72 firms, which have been selected by the method of systematic elimination and the data is analyzed by the panel data method.
The results regarding the research findings indicate that there is a negative but significant relation between the rate of principle and institutional ownership and the dividend policy, in the whole population. Also, there is a positive significant relation between the individual ownership and operating cash-flow, and the dividend policy. Moreover, there was no relation between the cash-flow senility and the mentioned variable.
Hashemi S A, Rezaiemehr F. The Effect of Ownership Structure and Cash Flows on the Dividend Policy in TSE's Listed Companies. 3 2012; 2 (1) :111-134 URL: http://mta.raja.ac.ir/article-1-63-en.html