The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study
حسن, Ø. (2017). The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study. EKB Journal Management System, 39(1), 43-71. doi: 10.21608/zcom.2017.132495
رحاب محمود حسن. "The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study". EKB Journal Management System, 39, 1, 2017, 43-71. doi: 10.21608/zcom.2017.132495
حسن, Ø. (2017). 'The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study', EKB Journal Management System, 39(1), pp. 43-71. doi: 10.21608/zcom.2017.132495
حسن, Ø. The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study. EKB Journal Management System, 2017; 39(1): 43-71. doi: 10.21608/zcom.2017.132495

The Role of Financial Reporting Quality in mitigating the Restrictive Effect of Dividend Policy on Capital Investment Expenditure: An empirical study

مجلة البحوث التجارية
Article 24, Volume 39, Issue 1, January 2017, Page 43-71  XML PDF (463.83 K)
Document Type: تجاریة کل ما یتعلق بالعلوم التجاریة
DOI: 10.21608/zcom.2017.132495
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Author
رحاب محمود حسن*
قسم المحاسبة، کلية التجارة، جامعة الزقازيق، مصر
Abstract
Abstract:
Purpose - The purpose of the current study is to provide new evidence on the role of financial reporting quality in mitigating the restrictive effect of dividend policy on capital investment expenditure in some Egyptian listed companies. Based on the presented results of the recent studies about the restrictive effect of dividend policy on capital investment expenditure in the imperfect market. Yet in imperfect markets, external funding constraints that stem from information asymmetry can force firms to forgo valuable capital investment projects in order to pay dividends.
Methodology- based on a cross-sectional sample of 35 firms on the year 2014, a cross-sectional regression model estimated to test the study question.
Findings – The current study results show that high-quality financial reporting significantly mitigates the restrictive effect of dividend policy on capital investment expenditure.
 
Keywords
Keywords; Financial Reporting Quality, Dividend policy, capital investment expenditure
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