List of Articles سود سهام پرداختی

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  1 - A Survey Of Information Content of Dividends and the Markets Differential Reaction in Tehran Securities Exchange.
  R. Shabahang M. M. Norbakhsh
  Previous studies document that the stock market reacts to dividend changes (in industrial counteries).The signaling hypothesis suggests that the market reacts because dividend changes contain new informationabout future earnings.Some recent studies in these counteries f More

  Previous studies document that the stock market reacts to dividend changes (in industrial counteries).The signaling hypothesis suggests that the market reacts because dividend changes contain new informationabout future earnings.Some recent studies in these counteries find that dividend changes reflect mostlycurrent and past earning but not future eanings.This Article provides a model in which not all dividend changes contain new information about futureearnings. Some dividended decisions are (Non -forward - Looking) in that they simply reflect current andpast earnings. Other dividended decisions are Forward - Looking in that they reveal managers' newinformation about future earnings. The model helps identify the two types of dividend changes and preditsthat the market will respond further to Forward - looking diviend changes.By classifying dividend changes into the two groups, it is found that the market reacts further to Forward- looking dividend changes than to Non-forward-looking dividend changes, which is consistent withimplications of the above model. Therefore, the article not only provides evidence for the signalinghypothesis in Tehran securities exchange but also helps explain the weak and mixed results of previousstudies (in industrial counteries) that do not distinguish between the two types of dividend changes. Manuscript profile
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  2 - Effect of Changes Percentage in Dividend Payout on Future Earnings Growth
  آزیتا جهانشاد محمدرضا عسگری وحید اسدی کلی
  This research investigates the effect of changes percentage in dividend payout onfuture earnings growth in Tehran stock exchange .This investigation contains anindependent variable that is called percentage changes in dividend payout and adependent variable future earni More

  This research investigates the effect of changes percentage in dividend payout onfuture earnings growth in Tehran stock exchange .This investigation contains anindependent variable that is called percentage changes in dividend payout and adependent variable future earnings growth in one and three years period and 5 variablecontroller variables such as firm size, leverage , return on assets , E/P Ratio, laggedearnings growth(one and three years period).This research is based on yearlyobservations period from 1384-1388.the result of this research shows that changes percentage in dividend payout haspositive effect and significant relationship on future earnings growth, it means whenthe changes percentage in dividend payout is increased the future of earnings growthis increased although this increase is low. Manuscript profile
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  3 - Investigating the effects of institutional ownership provinces on financial leverage and dividend policy in companies listed on the Tehran Stock Exchange
  mehrdad rafizadeh hamidreza kordlouie Mohsen Hashemighohar Shadi Shahverdiani
  Institutional ownership is one of the corporate governance mechanisms, not only because of its expertise and knowledge, they have a better supervisory role over managers, which can also be effective in aligning important company decisions with their own interests. The m More

  Institutional ownership is one of the corporate governance mechanisms, not only because of its expertise and knowledge, they have a better supervisory role over managers, which can also be effective in aligning important company decisions with their own interests. The main question of the research is how institutional shareholders in terms of ownership thresholds influence managers' decisions regarding financial leverage and dividends paid. In the present study, 143 companies have been selected in the period 2013-2019. The research findings show that the impact of the institutional shareholder on the financial leverage is the result of two values of institutional ownership thresholds and as a result three different behavioral regimes for the financial leverage. In the first and second behavioral regimes, institutional ownership has a negative and significant effect on financial leverage, which intensifies with increasing ownership; However, in the amount of institutional ownership above the second threshold, In relation to the effect of institutional ownership on dividends paid, a threshold value has been identified that in both regimes, the effect of institutional ownership on dividends paid is positive and significant, but in high values of the threshold amount, the impact factor shows a significant increase. Manuscript profile
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  4 - Investigating the Effect of Managerial Ownership Thresholds on Capital Structure and Dividend Policy in Companies on The Tehran Stock Exchange
  mehrdad rafizadeh hamidreza kordlouie Mohsen Hashemighohar Shadi Shahverdiani
  Representation theory refers to managers' equity, financial leverage, and dividends as tools used to reduce the agency dilemma. Ownership of managers, although it causes their interests to align with shareholders, but on the other hand also leads to the fortification of More

  Representation theory refers to managers' equity, financial leverage, and dividends as tools used to reduce the agency dilemma. Ownership of managers, although it causes their interests to align with shareholders, but on the other hand also leads to the fortification of managers or their conservative behavior. In fact, managers with different levels of ownership act differently in other financial decisions such as the use of financial leverage and dividends. The aim of the present study is to find out the effect of managers' shareholding thresholds, in which their behavior in dividend and financial leverage decisions differs before and after. In this study,143 companies have been selected in the period 1392-1392. The research findings show that the effect of managers' ownership on financial leverage is based on two values ​​of ownership thresholds and consequently three different behavioral regimes for financial leverage.In the first and second behavioral regimes, managerial ownership has positive and significant effects on financial leverage. Regarding the effect of managerial ownership on dividends paid, a threshold value has been identified that in both regimes, the effect of managerial ownership on dividends paid is positive and significant, but in high values ​​of thresholds, the effect coefficient shows a significant increase. Manuscript profile
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  5 - The effect of dividend policy on the financial stability of Iranian banks
  Seyyed Yahya Asadollahi Somayeh Matin Marzieh Yosofinejad
  10.30495/afi.2023.1973063.1174
  Purpose: The present study examines the effect of dividend policy on the financial stability of banks. For this purpose, the relationship between the dividend policy and the stability of the dividend policy with the financial stability of banks in the long and short ter More

  Purpose: The present study examines the effect of dividend policy on the financial stability of banks. For this purpose, the relationship between the dividend policy and the stability of the dividend policy with the financial stability of banks in the long and short term was tested. Methodology: In this research, 23 banks admitted to the Tehran stock exchange and over-the-counter stock exchange in the period between 2011 and 2019 were examined. The data of the research was collected with the approach of mixed data and using the estimation method of the vector autoregression model by the method of co-accumulation of Johansson-Josilius and the vector error correction model and it was statistically analyzed with the help of Eviews software.Findings: The results of the research show that the ratio of dividends paid has a positive and significant effect on the financial stability of banks in the long term, and the ratio of accumulated profits also has a negative and significant effect on the financial stability of banks in the long term, and the findings showed that stability in the distribution policy Dividends have a positive and significant effect on the financial stability of banks in the long term.Originality/scientific added value: The importance of the financial stability of banks in the monetary system has made it necessary to study the effect of profit sharing policies on the financial stability of banks. Dividends can have a great impact on the cost of capital, financial risks and the future price of banks' stocks. Manuscript profile