Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange
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 cons...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2013-03-01
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| Series: | مطالعات تجربی حسابداری مالی |
| Subjects: | |
| Online Access: | https://qjma.atu.ac.ir/article_1105_2ff4fda4c1650b6228c014d3cc3270ab.pdf |
| _version_ | 1797378329785925632 |
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| author | Hossein Etemadi Ali Asghar Anvari rostami Vahid Ahmadian |
| author_facet | Hossein Etemadi Ali Asghar Anvari rostami Vahid Ahmadian |
| author_sort | Hossein Etemadi |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-08T20:06:18Z |
| format | Article |
| id | doaj.art-a3f541fe28b14122911cd80fae0bffe7 |
| institution | Directory Open Access Journal |
| issn | 2821-0166 2538-2519 |
| language | fas |
| last_indexed | 2024-03-08T20:06:18Z |
| publishDate | 2013-03-01 |
| publisher | Allameh Tabataba'i University Press |
| record_format | Article |
| series | مطالعات تجربی حسابداری مالی |
| spelling | doaj.art-a3f541fe28b14122911cd80fae0bffe72023-12-23T10:35:35ZfasAllameh Tabataba'i University Pressمطالعات تجربی حسابداری مالی2821-01662538-25192013-03-01114159811105Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock ExchangeHossein Etemadi0Ali Asghar Anvari rostami1Vahid Ahmadian2دانشیار دانشگاه تربیت مدرساتاد دانشگاه تربیت مدرسکارشناس ارشد حسابداری دانشگاه تربیت مدرسAbstract: 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.https://qjma.atu.ac.ir/article_1105_2ff4fda4c1650b6228c014d3cc3270ab.pdfcompany's life cycledividend policiesgrowth opportunitiescompany size |
| spellingShingle | Hossein Etemadi Ali Asghar Anvari rostami Vahid Ahmadian Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange مطالعات تجربی حسابداری مالی company's life cycle dividend policies growth opportunities company size |
| title | Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange |
| title_full | Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange |
| title_fullStr | Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange |
| title_full_unstemmed | Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange |
| title_short | Life cycle Theory Test in the Dividend Policies of Companies in Tehran Stock Exchange |
| title_sort | life cycle theory test in the dividend policies of companies in tehran stock exchange |
| topic | company's life cycle dividend policies growth opportunities company size |
| url | https://qjma.atu.ac.ir/article_1105_2ff4fda4c1650b6228c014d3cc3270ab.pdf |
| work_keys_str_mv | AT hosseinetemadi lifecycletheorytestinthedividendpoliciesofcompaniesintehranstockexchange AT aliasgharanvarirostami lifecycletheorytestinthedividendpoliciesofcompaniesintehranstockexchange AT vahidahmadian lifecycletheorytestinthedividendpoliciesofcompaniesintehranstockexchange |