دانلود مقاله با موضوع آیا سنگربندی مدیران بر سود سهام کارآفرینی تأثیر می گذارد تصمیم و احساسات
در قالب pdf و در 14 اسلاید،قابل ویرایش، شامل:
موضوع به انگلیسی:Does entrenchment of managers
affect entrepreneurial dividend
decision and investor sentiment
بخشی از متن:Abstract
Purpose – The purpose of this paper is to observe whether the entrenchment of managers can affect firms’
dividend disbursement decisions and investor sentiment in the Tunisia context.
Design/methodology/approach – The sample includes all non-financial listed stocks in the Tunisia
stock exchange during the years 2004–2017. Moreover, the entrenchment of managers is measured by five
proxy explained the managers rooting from all listed firms. The propensity to pay dividends is measured by
the dividend yield.
Findings – The findings yield qualitatively consistent with the previous research. After controlling for the
effect of a manager’s behavior and different entrenchment phase, the result shows that entrepreneurial the
firm’s decision to pay dividends could be influenced by the managers’ entrenchment.
Research limitations/implications – The result is limited at the level of the non-financial companies
listed in the BVMT, but in future studies, the investigation with other countries can be compared.
Practical implications – Moreover, investors in Tunisia show their preference for a dividend to selfcontrol
and satisfaction and increase their profit, especially in an abnormal economic situation explained by
the Tunisian political crisis.
Originality/value – The originality of this paper is to investigate both the important role of the
entrenchment and cycle life of the manager on the decision to distribute dividends and the investor sentiment.
Moreover, the author’s problem may be a reference for future investigation talking about the managers’
psychology like opportunism.
Keywords Investors sentiment, Governance. Entrenchment, Dividend, Entrepreneurial,
Governance, Dividend, Entrenchment, Entrepreneurial
