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quarterly financial accounting journal 2017, 9(35): 101-126 Back to browse issues page
The Effect of Financial Reporting Quality on Corporate Dividend Policy with Respect to Free Cash Flow Problem, Financial Constraints and Quiet life Problem
Mahdi Arabsalehi 1, Mahdi Mirzaie * 2, Neda Maleki 3
1- Associated Professor university of isfahan
2- phd student of accounting university of isfahan
3- M.A Student of Accounting almahdi higher education
Abstract:   (266 Views)

One of the decisions made each year by managers that relates to long-term corporate decisions is the dividend yield among shareholders. To make the right decision in this regard, quality financial reporting plays a crucial role as a source of information. In empirical research, the impact of financial reporting quality on dividend policy is of great importance to researchers. How it affects the three channel, the free cash flow problem, financial constraints, and the Quiet life problem is justifiable. For this purpose, this study examines the effect of financial reporting quality on dividend policy through the three mentioned channel. To test the hypotheses, sample of 113 companies from among the companies listed in the Tehran Stock Exchange during the years 2010 to 2016 was selected. For the data analysis and testing hypotheses, panel data regression model has been used. The results of the research show that financial reporting quality has a positive and significant effect on dividend policy and this positive association is more pronounced among firms with more severe free cash flow. The findings also, Also, the findings did not provide enough empirical evidence to support the impact of the financial reporting quality on dividend policy in firms with a high financial constraint. The impact of financial reporting quality on dividend policy is less among firms with higher ownership by monitoring-type institutional investors.

Keywords: financial reporting quality, dividend policy, free cash flow problem, financial constraints, Quiet life problem
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Type of Study: Research | Subject: Special
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Arabsalehi M, Mirzaie M, Maleki N. The Effect of Financial Reporting Quality on Corporate Dividend Policy with Respect to Free Cash Flow Problem, Financial Constraints and Quiet life Problem. quarterly financial accounting journal. 2017; 9 (35) :101-126
URL: http://qfaj.ir/article-1-1176-en.html


year 9, Issue 35 (10-2017) Back to browse issues page
فصلنامه حسابداری مالی Quarterly Financial Accounting
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