List of Articles Earnings Per Share (EPS)

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  1 - Factors affecting Dividend Payout Ratio and Comparing Forecast Accuracy of Dividend Payout Ratio using Regression Model and Neural Network in Iran Over-The-Counter (OTC) Market
  Hamid Reza Chegini Mohsen Hamidian Negar Khosravi Pour
  This article aims to study the factors affecting the dividend payout ratio and compare the forecast accuracy of neural network and regression models using the data for the companies listed on Iran OTC market. This article also studies the relationship of last year divid More

  This article aims to study the factors affecting the dividend payout ratio and compare the forecast accuracy of neural network and regression models using the data for the companies listed on Iran OTC market. This article also studies the relationship of last year dividend payout ratio, fixed assets to total assets ratio, current ratio, assets-to-debt ratio, revenue growth, accounting earnings quality ratio, and cash return on assets as independent variables with dividend payout ratio as dependent variable. For hypothesis testing, second-order multiple egression model was employed with a sample size of 50 companies in OTC market during a 5-year period of which their end of fiscal year was from March 20th, 2011 to September 22nd, 2015. The results showed that last year dividend payout ratio, fixed assets to total assets ratio, current ratio, assets-to-debt ratio, and accounting earnings quality ratio have no significant relationship with the dependent variable. Revenue growth and cash return on assets, however, have a positive, significant relationship with dividend payout ratio. Findings also indicate that forecast error of neural network is smaller than that of regression model. Therefore, neural network gives better forecast Manuscript profile
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  2 - Identifing and Prioritizing Factors Influencing Idevidual Investors' Intention to Receive Cash Devidend
  Abbas Kamarei Meisam Safizadeh Sadegh Sepandarand Hajar Hakimi
  In the present study a batch of questionnaires was handed out to a group of stock market investors in Tehran addressing the question: “Why individual investors yearn for dividends?” The data was gathered later on and the results revealed that this inclinatio More

  In the present study a batch of questionnaires was handed out to a group of stock market investors in Tehran addressing the question: “Why individual investors yearn for dividends?” The data was gathered later on and the results revealed that this inclination on getting the dividends is, to a certain extent that the cost of cashing dividends turns out to be a lot lower than that of selling shares. The results are, on one hand, strongly confirming and corroborating the “Signaling Model” of Bhattacharya (Imperfect information, dividend policy and the bird in the hand) and of Miller and Rock (Dividend policy, growth and the valuation of shares), and yet on the other hand, opposing the “Agency Theory” of Jensen. Furthermore, it is drawn from the results that the “Behavioral Finance Theory” of Shefrin and Statman for cash dividends is not confirmed. In conclusion, the findings of the study are indicative of the fact that individual investors have no tendency on spending a large part of their dividends. Manuscript profile