This article documents how the changing composition of U.S. publicly traded firms has prompted a decline in the long-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend–price ratio for such changes resolves several issues with respect to the...

Stock return movements can be adopted as a measure of growth and development of securities exchange and economy. There is a need for examination of the core determinants of stock return. Currently, it was hypothesized that there is causality between firm financial characteristics and the stock...

The main obiective of this study is to investigate the extent of association between stock price and two influential accounting variables (i.e. earnings-per-share and net asset value per share) to measure the relevance of accounting information' This study is based on accounting information...

This study aims to examine the relationship of accounting conservatism, managerial ownership, dividend policy, firm size, leverage, price earnings ratio, price to book value and earnings per share to earnings management. The analysis technique used is multiple linear regressions. The data used...

Decision making about dividend payout is one of the most important decision that companies should encounter with. Companies' dividend payouts over the time and with a stable manner can effects on share price, future earnings growth and finally investor's evaluation about owners' equity. This...

Institutional investors have grown substantially in international, mature markets in last two decades parallel with the increase in their impact. They seek to own large proportions of equities; as a result they have become influential on the performance of companies in which they invest....

The results of several experimental studies, the notion that the most important source of income deemed to decision makers rely more profit than any other criteria, has been proved, however, it should be noted that as the main source of income, it may not reflect the actual performance of...

This paper examines the relationship between earnings and its components with stock returns emphasizing on the earnings quality of listed firms in Tehran Stock Exchange (TSE). In order to do this, a sample of 230 listed firms in Tehran Stock Exchange was selected over a seven-year period (2003...

This paper compares the performance of portfolios of debt free firms to comparable portfolios of leveraged firms. The results of the study indicate that investments in portfolios of debt free firms tend to generate higher returns than investments in their peers of portfolios of leveraged firms...