M.A. Thesis:

The relationship between managerial ownership and debt financing with dividend policy

The research in dividend policy has always been of interest to researchers in the fields of accounting and finance. The results of conducted researches in developed and undeveloped markets are different in the field of dividend policy as well. In this research, we intend to prove the existence of a relationship between managerial ownership and debt financing with dividend policy. To achieve such a goal, we have formulated some assumptions. Using the information obtained from 162 companies among the companies accepted in Tehran Stock Exchange during the period from 2009 to 2014 and multivariate regression statistical method at a significance level of 5%, we found that there is a meaningful relationship between managerial ownership and debt financing with dividend policy. Also, a meaningful relationship was created between firm size, Tobin's Q ratio and cashholding with dividend policy among control variables

Keywords: Managerial ownership, Debt financing, Dividend policy