Abstract
The main purpose of corporations is to maximize shareholder wealth. One of the main factors affecting a shareholder's wealth is the company's dividend policy. For this reason, a company's dividend policy has been identified as one of the most important financial issues; therefore, this study investigates corporate governance and payment policies for listed companies on the Tehran Stock Exchange. The population of the study comprised 551 companies based on sampling and a systematic elimination of 73 companies. This study is applied in purpose and is descriptive and correlational in nature. In this study, data analysis has been conducted using SPSS 8 EVIEWS. The results span from 2009 to 2013 and indicate that there is a significant negative relationship between dividend policy and shareholders' rights as well as timeliness and being familiar with the auditor.
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More From: Pacific Science Review B: Humanities and Social Sciences
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