Kâr Payı Politikaları ile Pay Senedi Volatilitesi Arasındaki İlişki: BİST 50 Endeksinde Yer Alan Firmalar Üzerine Ekonometrik Bir Araştırma (Nicel Araştırma)

In this study, the relationship dividend policy and stock volatility between the years 2000-2019 of the reel sector firms of the BIST 50 index was analyzed by panel regression analysis. In the study, while dividend yield and dividend payout ratio are included in the analysis as independent variables...

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Bibliographic Details
Published in:Journal of Accounting & Finance / Muhasebe ve Finansman Dergisi 2021-04 (90)
Main Author: TOPALOĞLU, Tuğba NUR
Format: Article
Language:Turkish
Subjects:
Dividend policy
Econometrics
Regression analysis
Stock prices
Volatility
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Summary:In this study, the relationship dividend policy and stock volatility between the years 2000-2019 of the reel sector firms of the BIST 50 index was analyzed by panel regression analysis. In the study, while dividend yield and dividend payout ratio are included in the analysis as independent variables as indicators of the dividend policies of companies, stock volatility is included in the analysis as a dependent variable. As a result of the analysis, while a positive relationship was determined between the dividend payout ratio and stock volatility, a negative correlation was determined between dividend yield and stock volatility. According to the findings of the study, it can be said that dividend policies affect stock volatility, signalling theory and customer affect theory are valid.
ISSN:1304-0391
2146-3042