The impact of catering incentives on the dividend policy: evidence from Turkish firms

PurposeThe purpose of this paper is to empirically analyse the propensity to pay dividends and investigate whether the catering theory is valid in an emerging market.Design/methodology/approachThe sample of this study comprises listed firms on the stock market of Turkey, Borsa Istanbul, with 2,438 o...

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Veröffentlicht in:	Managerial finance 2021-06, Vol.47 (7), p.897-914
Hauptverfasser:	Takmaz, Sefa, Evrim Mandaci, Pınar, Durukan, M. Banu
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital markets Catering Civil law Cost control Decision making Dividend policy Economic crisis Emerging markets Financial performance Institutional investments Investors Profits Retained earnings Small & medium sized enterprises-SME Stockholders Tax reform Taxation
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