Analysis and prioritization of internal factors affecting the forecast of dividend policy in companies listed on the Tehran Stock Exchange

The present study investigates and prioritizes the internal factors affecting the prediction of dividend policy in companies listed on the Tehran Stock Exchange. The method of this research is exploratory in two parts: qualitative and quantitative. The strategy of the qualitative part of content analysis (summary approach) and data collection tools have been research related to the subject of previous research. After reviewing books, articles and performing qualitative steps, 120 initial codes were counted in the initial coding stage and then 31 open codes were extracted by the researcher and the findings of the qualitative section in the form of 31 indicators and 4 components as effective factors in forecasting. Profit distribution policy was developed in companies listed on the Tehran Stock Exchange. In the quantitative part, a questionnaire was designed to screen the extracted components and indicators and the answers were analyzed by fuzzy Delphi method. The statistical population of the research in this section is specialized faculty members with scientific-research backgrounds and experience in the field of accounting and financial management, members of the board, CEOs, auditors and financial managers of companies listed on the Tehran Stock Exchange. Snowball sampling method was selected. Then, by designing a pairwise comparison questionnaire using the best-worst BWM method and using Lingo software, the components were prioritized. The results show that the components of corporate governance with the first priority, information quality and reporting with the second priority, financial components with the third priority and risk with the fourth priority are the internal factors influencing the prediction of profit sharing policy.