Kirkulak, Berna - In: Afro-Asian Journal of Finance and Accounting 2 (2010) 2, pp. 89-106
This paper examines the dividend-collecting firms and negative dividend payers listed on Istanbul Stock Exchange (ISE) from 1991 through 2006. Turkey used to be a unique country in terms of 50% mandatory cash dividend payment application, and this policy pushed some firms to create other ways to...