This is an empirical study that investigates the effect of firm's leverage on stock returns. For this purpose, new definitions of leverage and generalized method of movements (GMM) estimators were used. 102 listed companies for the period of 2003-2009 which met the criteria were chosen. The...

The present research attempts to investigate the relationship between agency problems that rise due to the free cash flow with long term profitability and income management; and also the effects of the structure of ownership on income management. The criterion used for measuring long-term...

We examine the impact of strength and adequacy of corporate governance on the quality of earnings in 77 companies accepted on Tehran Stock Exchange (TSE) between the years 2002 and 2008. Three factors were selected namely, non-executive members of the board of directors, separation of the...