Investigating of the Relationship between Earning Quality and Dividend Payout Ratio in Tehran Stock Exchange
After almost 50 years of research initiated by the seminal papers of Lintner (1956) and Miller and Modigliani (1961), dividend policy still remains, to a large extent, a puzzle to financial economists (Black, 1976). Although numerous theories have been proposed, consensus is still elusive among researchers. Security analysts, firm managers, and investors all devote a great deal of attention to firms' reported earnings as the last item of loss and profit statement. Overemphasis on profit reminded that market ignores other indices of performance. Earnings quality is the other subject that in recent years, focus on financial performance evaluation. In recent years, earnings quality as an important factor appeared in determining the validity and reliability figures reported. Also in these years, earnings quality has been attract attention of many legislators and academics. The present study, examine the relationship between earnings quality and dividend payment ratio of accepted companies in Tehran Stock Exchange. In this study, earnings persistence, accruals and operational and non-operational item of income considered as earnings quality indicators. In this study, the regression analysis method was used to measure the relationship between variables. The results of this study show that there are no significant relationship between earnings quality indicators considered and dividend payment ratio
Year of publication: |
2010
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Authors: | Talebi, Maisam |
Publisher: |
[2010]: [S.l.] : SSRN |
Subject: | Dividende | Dividend | Börse | Bourse | Börsenkurs | Share price | Gewinn | Profit | Aktienmarkt | Stock market |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 29, 2010 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013144196
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