@article{2017,title={Dividend Policy Drivers in Turkish Listed Firms},abstractNode={This study examines the determinants of dividend policy in an emerging market, Turkey. It uses all listed nonfinancial and nonutility firms over the period 2003 – 2015 in Borsa Istanbul. The sample period covers the change of mandatory dividend policy in Turkey and the aftermath of global financial crisis, which are expected to have significant effects on dividend payout policy of firms. The sample data namely, financial and accounting data, is obtained from DataStream and Turkish Public Disclosure Platform. Empirical results indicate that there is a positive relationship between profitability, size and dividend payment and negative relationship between leverage and dividend payment decisions of Turkish firms. Results indicate that firm specific risk diminishes the probability to pay dividends. Mature firms pay more dividend than young firms. It is also find that liquidity and ownership has no effect on dividend policy of Turkish firms.},author={Sefa TAKMAZ},year={2017},journal={Journal of Academic Value Studies (JAVStudies)}}