Journal of Accounting and Management Vision

Journal of Accounting and Management Vision

Evaluating the Relationship between Agent Costs and Profit dividend policy and Investment Efficiency in Companies Listed in Tehran Stock Exchange

Document Type : Original Article

Authors
mohamad mohamadi 1
shahla talari 2
malek tach maleki oskuei 3
zahra khosravi 4
1 Ph.D. Student of Accounting at Azad University of Mobarakeh. Isfahan and professory
2 PhD student of accounting, Mobarakeh unit, Islamic Azad University, Isfahan
3 Department of Accounting Islamic Azad University North Tehran
4 qods
Abstract
The management board of the company does not appear to be in a position to invest in its assets in the form of efficiently invested capital and the expected returns. But based on representation theory and conflict of interest between managers and other stakeholders, especially investors with information asymmetry within the framework of this theory, managers and other company stakeholders, the vast majority of research in the field of financial management and accounting to the The purpose of this study is to investigate the relationship between agency cost and dividend policy on investment efficiency over the years 1396-1310 for listed companies in Tehran Stock Exchange. Based on the type of method used in the L and F tests, the robust models are estimated and the results are presented for each of the models proposed and tested. Eviews 9 & 2010 software is designed to perform calculations. The results show that there is a significant and positive relationship between high and low capital investment and 2, which shows that agency costs and dividend policies have a positive and significant relationship with high and low investment
Keywords
Agency cost
dividend policy
investment efficiency