Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach)
Purpose: This paper aims to investigate and analyze the information content of DuPont ratios concerning corporate dividend policy and also seeks to answer whether the components of DuPont ratios are significantly related to management decisions in dividends. Methodology: To achieve the answer to the...
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| Format: | Article |
| Language: | fas |
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Ayandegan Institute of Higher Education, Tonekabon,
2020-08-01
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| Series: | مدیریت نوآوری و راهبردهای عملیاتی |
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| Online Access: | http://www.journal-imos.ir/article_121008_534fc12270998f0e5c4c91805e05da18.pdf |
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| _version_ | 1832577805778419712 |
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| author | Neda Nozohoor Meysam Kaviani |
| author_facet | Neda Nozohoor Meysam Kaviani |
| author_sort | Neda Nozohoor |
| collection | DOAJ |
| description | Purpose: This paper aims to investigate and analyze the information content of DuPont ratios concerning corporate dividend policy and also seeks to answer whether the components of DuPont ratios are significantly related to management decisions in dividends. Methodology: To achieve the answer to the above question, we selected 84 companies in the capital market of Tehran as statistical samples. The data collected in 10 years between 2010 and 2019 have been considered, and the hypothesis test has been performed by considering the dependent variable of dividends in different forms through Tobit and logit regression analysis. Findings: The results show that the net return on assets (RONA) and its components, i.e., asset turnover (ATO) and profit margin (PM), concerning dividend policy in all models except the model of one-year-ahead change in dividend had informational content. Originality/Value: This study showed that managers and analysts could analyze how dividend decisions are made through information content obtained through DuPont ratios. |
| format | Article |
| id | doaj-art-4283f5f3b97244e2b4e4012947a2b8df |
| institution | Kabale University |
| issn | 2783-1345 2717-4581 |
| language | fas |
| publishDate | 2020-08-01 |
| publisher | Ayandegan Institute of Higher Education, Tonekabon, |
| record_format | Article |
| series | مدیریت نوآوری و راهبردهای عملیاتی |
| spelling | doaj-art-4283f5f3b97244e2b4e4012947a2b8df2025-01-30T14:59:08ZfasAyandegan Institute of Higher Education, Tonekabon,مدیریت نوآوری و راهبردهای عملیاتی2783-13452717-45812020-08-011211412510.22105/imos.2020.261602.1020121008Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach)Neda Nozohoor0Meysam Kaviani1MA student of financial management at the University of Danesh AlborzPh.D of Financial Management, Islamic Azad University, Aliabad Katoul, Iran.Purpose: This paper aims to investigate and analyze the information content of DuPont ratios concerning corporate dividend policy and also seeks to answer whether the components of DuPont ratios are significantly related to management decisions in dividends. Methodology: To achieve the answer to the above question, we selected 84 companies in the capital market of Tehran as statistical samples. The data collected in 10 years between 2010 and 2019 have been considered, and the hypothesis test has been performed by considering the dependent variable of dividends in different forms through Tobit and logit regression analysis. Findings: The results show that the net return on assets (RONA) and its components, i.e., asset turnover (ATO) and profit margin (PM), concerning dividend policy in all models except the model of one-year-ahead change in dividend had informational content. Originality/Value: This study showed that managers and analysts could analyze how dividend decisions are made through information content obtained through DuPont ratios.http://www.journal-imos.ir/article_121008_534fc12270998f0e5c4c91805e05da18.pdfdupont analysisdividend distributionasset turnoverprofit margin |
| spellingShingle | Neda Nozohoor Meysam Kaviani Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) مدیریت نوآوری و راهبردهای عملیاتی dupont analysis dividend distribution asset turnover profit margin |
| title | Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) |
| title_full | Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) |
| title_fullStr | Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) |
| title_full_unstemmed | Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) |
| title_short | Analysis of The Relationship Between Dupont Ratio and Dividend Policy (Tobit and Logit Regression Analysis Approach) |
| title_sort | analysis of the relationship between dupont ratio and dividend policy tobit and logit regression analysis approach |
| topic | dupont analysis dividend distribution asset turnover profit margin |
| url | http://www.journal-imos.ir/article_121008_534fc12270998f0e5c4c91805e05da18.pdf |
| work_keys_str_mv | AT nedanozohoor analysisoftherelationshipbetweendupontratioanddividendpolicytobitandlogitregressionanalysisapproach AT meysamkaviani analysisoftherelationshipbetweendupontratioanddividendpolicytobitandlogitregressionanalysisapproach |