Impact of the Free Float Ratio on Dividend Yield and Capital Decisions

In this study, the effect of the free float ratio on dividend payout ratio, dividend yield, and paid capital increase in companies traded in Borsa Istanbul is investigated.In the study, data of companies traded on Borsa Istanbul between 2008 and 2022 were used.In the research, OLS, Logit and Probit regression analyzes and cross-table analyzes were applied.According to the results of the research, as the free float ratio increases, the dividend payout ratio and dividend yields decrease, and the probability of paid capital injection increases.As the return on assets of the companies positively affects the dividend yield, it reduces the possibility of making a paid capital increase.The growth rate of companies' sales is also a factor that increases the possibility of paid capital increase.The results of the research confirm the existence of agency costs in Borsa Istanbul.