Determinants of Target Dividend Payout Ratio: A Panel ARDL Analysis
The aim of this study is pantaloni bianchi neonato to find out the determinants of target dividend payout ratio of BIST-listed firms operating in the non-metallic products (cement) manufacturing industry in the period of 2002-2012.Through this aim, the short and long-run effects of factors related to profitability, liquidity, growth, risk, market e