journal of accounting advances (j.a.a) vol. 2, no. 2, fall & winter 2010, ser. 59/3     extended abstract   an investigation of agency theory and signaling theory in dividend policies: the role of institutional investors   dr. g. r. karami         dr. s. mehrani               h. eskandar tehran university   introduction        dividend has a special position among decision makers. dividend poli...

Radio frequency identification (RFID) is an upcoming technology with a large potential, but it also introduces a number of threats. Ownership transfer has been introduced to mitigate the risks which are caused by changes in ownership of RFID tags. We present formal definitions for ownership and ownership transfer in RFID systems and their secure variants. These definitions can be used to verify...

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A common sales tactic is for a seller to encourage a potential customer to make her purchase decision quickly. We consider a market with sequential consumer search in which firms often encourage first-time visitors to buy immediately, either by making an “exploding offer” (which permits no return once the consumer leaves) or by offering a “buy-now discount” (which makes the price paid for immed...

Diamond (1991) also posits that firms with high leverage might prefer long-term debt to avoid suboptimal liquidation, thus predicting a positive relation between leverage (LEVERAGE) and debt maturity. Myers (1977) argues that agency costs between shareholders and bondholders can be reduced by matching the maturity of assets (ASSET_MAT) to the maturity of liabilities. All else equal, firms with ...

To what extent do early intuitions about ownership depend on cultural and socio-economic circumstances? We investigated the question by testing reasoning about third party ownership conflicts in various groups of three- and five-year-old children (N=176), growing up in seven highly contrasted social, economic, and cultural circumstances (urban rich, poor, very poor, rural poor, and traditional)...

Psychological ownership is a feeling of possession in the absence of any formal or legal claims of ownership. In this study, the authors aimed to extend previous empirical testing of psychological ownership in work settings to encompass both job-based and organization-based psychological ownership as well as related work attitudes and behavioral outcomes. Questionnaire data from 68 employees an...

The aim of this paper is to identify and analyses the influence of shareholder ownership identity on payout ratio for a panel of Iran firms from 2002 and 2008. We find that there is a significant positive correlation between institutional ownership and payout ratio. The relation between payout ratio and individual ownership is negative. The most finding of the study indicates that Iranian compa...

There is debate over the relationship between ownership structure and firm performance. Most existing studies look at established listed companies in developed countries, in which the market mechanism is well developed. Meanwhile, the relationship between ownership structure and firm performance in small and medium enterprises (SMEs) in transition countries has been largely ignored. Drawing on ...