iran has experienced high food prices in recent years. this paper examines the welfare impacts of rising major food groups' prices on iranian urban households using quadratic almost ideal demand system (quaids) approach. the elasticity coefficients derived from quaids are used to estimate compensated variations (cv).the study uses iranian household expenditure and income survey (heis) raw data,...

Explaining dividend policy has been one of the most difficult challenges facing financial economists. Despite decades of study, we have yet to completely understand the factors that influence dividend policy and the manner in which these factors interact.The aim of this paper is to examine the relation between dividend policy and share price volatility in Tehran Stock Exchange (TSE). The analys...

We examine the impact of share repurchases on the information content of stock prices using several measures of price efficiency. The study is based on manually collected data on share repurchases in the United States for the period 2004-2010. We find that share repurchases make prices more efficient. In particular, share repurchases increase the accuracy of the stock price after negative infor...

The aim of this research was to determine the impact of voluntary information disclosure on informational content of share price. In this regard, future earnings response coefficient was used to determine the informational content of the share price about the future income information. Furthermore, share price synchronicity was used to evaluate the informational content of the share price about...

the valuation of companies is often complicated by a failure to understand how share prices are set. many senior executive believe that stock prices are set by some vague combination of earnings, growth rates, returns, book values, cash flows, dividends and trading volumes. in this article two general models of valuation are introduced. the firs t one is the accounting model which states that s...