The Relationship between Stock Market Liquidity, Firm Characteristics and Dividend Payout: Evidence from Tehran Stock Exchange

Seyed Ali Seyed Khosroshahi; Parisa Vatankhah

Volume 1, Issue 1 , July 2017, , Pages 85-97

  Firms have two choices about earning: paying it out as a dividend, or its reinvestment as a retained earning. In a market without any restrictions on trading, rational investors with liquidity needs can choose between dividend and selling stocks at no cost. In this article, the relationship between trading ...  Read More