مجلة القيمة المضافة لاقتصاديات الاعمال
Volume 5, Numéro 1, Pages 100-125
2023-12-31

Dividend Policy And Firm Value Evidence Of Tunisian Firms

Authors : Boubaker Rahma .

Abstract

This study explores the simultaneous relationship between dividend policy and firm values, using a sample of around 83 non-financial firms for the period from 2010 to 2015 in a Tunisian context. The results show that, when we use simultaneity equations, dividend payments do not appear to significantly affect firm value, nor does firm value affect dividend policy. The empirical analysis suggests that simultaneity is crucial in analyzing dividend policy and firm value.

Keywords

Dividend Policy ; Firm Value ; Tunisian Firms