(Université de M'sila, 2016) قمان, عمر; نوارة, محمد
This study focuses on the distribution of
profits and highlight their importance as one of
the strategic decisions in the organization's
policy, where there are several factors and
considerations that governed and determined to
be taken into account, such as the agency cost,
taxes, the availability of liquidity at the
enterprise level to cover the dividend ... etc all
these and other factors have created a great
dialectic between researchers and theorists,
where many of the theories that attempted to
explain the behavior of managers towards
dividend policy emerged.
The study attempts to show the impact of
governance on the dividend policy, as a decisive
arbiter in winning the discrepancy between the
interests of shareholders and management,
which reflect the governance of the group
supervisory mechanisms on the foundation that
will serve all actors in the organization, whether
internal or external.