this paper compares the value relevance of book value and dividends versus book value and reported earnings. the main purpose of this study explains which of dividends, book value and earnings are more value relevance. thus, we have examined 98 firms of tehran stock exchange over a period 1377-1382. our methodology of examining the information content of various income statement and balance she...

Dividend Policy is one of the most important financial decisions that managers encounter. This study contributes to the literature of dividend and empirical research investigating the effects of dynamic factors in Tehran Stock Exchange. Based on some criteria, the study contains 133 listed firms over a 10-year period from 2001 to 2010. To test the research hypotheses, this study uses Fixed Effe...

dividend policy is one of the most important financial decisions that managers encounter. this study contributes to the literature of dividend and empirical research investigating the effects of dynamic factors in tehran stock exchange. based on some criteria, the study contains 133 listed firms over a 10-year period from 2001 to 2010. to test the research hypotheses, this study uses fixed effe...

Prior research, especially in the UK, has established a positive relationship, in crosssectional regression analyses, between market value and dividends. This result holds after controlling for the effects of earnings, book value, major media advertising expenditures, research and development expenditures, capital expenditures, capital contributions and ‘other information’. Papers with this res...

We extend prior research on the value relevance of accounting information for lossmaking firms by allowing the coefficient of book value to vary across three distinct set of loss-making firm observations in our valuation model. Our key findings are, first, that book value is a less important determinant of equity value for either high R&D-intensive firms or dividend-paying firms, relative to fi...

We report on a large number of laboratory market experiments demonstrating that a market bubble can be reduced under the following conditions: 1) a low initial liquidity level, i.e., less total cash than value of total shares, 2) deferred dividends, and 3) a bid–ask book that is open to traders. Conversely, a large bubble arises when the opposite conditions exist. The first part of the article ...

For a sample of 94 firms, using data up to 1999, we find that retentions are more significant than dividends in determining prices of shares that are actively traded on the Egyptian stock market. However, for non-actively traded shares, the accounting book value is the most important determinant. Reductions in dividends are associated with a lack of liquidity and profitability. Dividend increas...