The main objective of this study is investigation the of effect of business groups ondividend policy companies listed in Tehran Stock Exchange respect to the dividendmain theories namely signaling theory, agency theory, pecking order theory and lifecycle theory . Our sa More
The main objective of this study is investigation the of effect of business groups ondividend policy companies listed in Tehran Stock Exchange respect to the dividendmain theories namely signaling theory, agency theory, pecking order theory and lifecycle theory . Our sample included 145 companies listed in Tehran Stock Exchangeduring the period is 1389-1380. We used tobit model to test the research hypotheses.Unlike predictions, our findings this study indicate that pay dividends levels in groupaffiliatedfirms is lesser compared with independent firms. Also, our findings indicatethat pay dividends levels in firms affiliated with large and diversified business groups ishigher than other groups-affiliated firms. Other findings indicate that exists significantnegative relationship between information asymmetry and external financialdependence with dividend policy. Also, dividend policy groups-affiliated firmscompared with non group-affiliated firms are less sensitive to information asymmetryand external finance dependency. As well as, policy dividend firms affiliated with largeand diversified business groups compared with other groups affiliated firms are lesssensitive to information asymmetry and external finance dependency. Findings thisstudy indicate that does not exist relationship between corporate life cycle and dividendpolicy.
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The purpose of this study is to assess the impact of auditor's individualcharacteristics (Such as experience and Confidence in personal judgment) in desire touse the decision aid and relying on the results of that. Data collection tool isquestionnaire, which has proved More
The purpose of this study is to assess the impact of auditor's individualcharacteristics (Such as experience and Confidence in personal judgment) in desire touse the decision aid and relying on the results of that. Data collection tool isquestionnaire, which has proved its reliability and validity. To achieve the mentionedgoal, was used a decision aid that its usefulness was confirmed in previous research.The questionnaires containing decision aid were distributed between auditors. Dataanalysis was performed using the path Analysis method with Amos software. Theresults showed, with increasing the auditor's experience and addition with increasingauditor's confidence personal judgment, his desire will increase to use the decisionaid. This also led to less reliance by auditor on the results of the decision aid. Also theeffect of direct experience and confidence in personal judgment (withoutintermediate: desire to use decision aid) in relying on the results decision aid, theresults showed an inverse and significant relationship.
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