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The Examination of Relation between Cash Dividends Changes and Quality of Earnings in the Listed Companies in Tehran Stock Exchange
| Content Provider | Semantic Scholar |
|---|---|
| Author | Karbalaei, Jila Dastjerdi, Mohammadi Bozorgi, Sajjad Deh |
| Copyright Year | 2014 |
| Abstract | The current paper examines the relation between cash dividends changes and quality of earnings of the listed companies in Tehran stock exchange and investigates the relation between quality of earnings and cumulative abnormal return in the firms that their cash dividends have been increased (decreased). The related sample includes 50 companies during 1999 to 2011. Earning quality is measured based on earning persistence. To examine the relation between cash dividends changes and quality of earnings, two hypotheses have been examined. After controlling data environment, investment opportunities, cash dividends recipient's attitude and operational risk of a company, the findings demonstrate that market reaction is negative (positive) to cash dividends increase (decrease) based on persistence-based quality of earnings. Changes in securities' prices are an observable standard of changes in the investors' systematic beliefs that are influenced by changed information content of accounting earnings. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://irjmsjournal.com/wp-content/uploads/paper583.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
