Hossein Etemadi; Ali Asghar Anvari rostami; Vahid Ahmadian
Volume 11, Issue 41 , April 2014, , Pages 59-81
Abstract
Abstract: The main objective of this study is to investigate the effect of the life cycle of the company's on dividend policy of the company which is accepted on the Tehran Stock Exchange. In this study, the ratio of dividends to the earnings per share and dividends to the company size are considered ...
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Abstract: The main objective of this study is to investigate the effect of the life cycle of the company's on dividend policy of the company which is accepted on the Tehran Stock Exchange. In this study, the ratio of dividends to the earnings per share and dividends to the company size are considered as the dependent variables and life cycle of the company is considered as independent variable. At first a statistical sample is separated by using variables, sales growth, age, and capital expenditure of the company's growth, maturity and decline then hypotheses of the study have been tested by using ANOVA and LSD tests. Analyses of 435 years - the company during the years 1386 to 1390 show that the company's dividend policy at different stages of the life cycle (growth, maturity and decline) differ. The results indicate that the average ratio of dividends to market value of equity of the sample firm's growth, maturity and decline vary. Accordingly, it is recommended to financial analysts to concern life cycle as a key factor when evaluating the current and future performance and financial structure of the company. for doing accurate analysis of financial condition and anticipated interest payments decisions, it is better to determine the company's life cycle.
Mohamad ali Aghaei; Ali asghar Anvari Rostami; vahid Ahmadian; Ghasem Montazeri
Volume 10, Issue 38 , July 2013, , Pages 1-27
Abstract
Iranian Financial Accounting Standards Board applies a hierarchy of accounting qualities and asserts that the relative importance of these qualities differs between decision makers. In the article, the relative importance of qualities based on prepares, auditors and users of financial reports assertions ...
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Iranian Financial Accounting Standards Board applies a hierarchy of accounting qualities and asserts that the relative importance of these qualities differs between decision makers. In the article, the relative importance of qualities based on prepares, auditors and users of financial reports assertions are examined. At the first, sample was determined using conventional methods. Then, the respondent’s judgment of each group was captured by using of questionnaires. The survey questionnaire was based on the Analytic Hierarchy Process. The respondent’s judgment (a series of trade-offs between pairs of the qualities) was analyzed using SPSS and Expert Choice. The results revealed that based on users assertions, except comparability, the relative importance of the accounting information qualities are different..
