The present study examines the effect of dividend policies and price-to-earnings (P/E) ratio on investor attraction in companies listed on the Tehran Stock Exchange. The main objective of this study is to analyze profit sustainability as one of the key indicators of the stability of companies' financial performance.
Data structure: This study includes financial information related to 204 companies listed on the Tehran Stock Exchange and the data were collected from 1396 to 1401. The top 10 companies are organized as panel data.
Analysis methods: To examine the effect of dividend policies and P/E ratio on investor attraction, correlation analysis and regression models were used.
Key results: The results show that dividend policies and P/E ratio have a significant effect on investor attraction. Also, profit sustainability plays an important mediating role in increasing investor confidence and improving the market value of companies.
Applications and Recommendations: The results of this study can help company managers formulate dividend policies and provide more transparent information to investors. In addition, investors can make better investment decisions by analyzing these indicators. n general, this study has addressed the importance of financial characteristics of companies and their impact on investor behavior and investment spaces in the stock market.