Investigation of Dividend Smoothing in Tehran Stock Exchange

Objective: This study aims to analyze the dividends smoothing phenomenon in the Tehran Stock Exchange, TSE, during 2009-2016. Method: Data have been collected and analyzed by referring to the professional databases and using Excel and Stata software. Panel data model was applied to test the research...

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Autores principales:	Ali Saghafi (Ph.D), Iraj Asghari, Azam Mohtadi (Ph.D)
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2019
Materias:	dividend smoothing linter model leary and michaely Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/c3eed723ce6547b0882fdda53d237adb
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spelling	oai:doaj.org-article:c3eed723ce6547b0882fdda53d237adb2021-11-04T19:54:44ZInvestigation of Dividend Smoothing in Tehran Stock Exchange2008-89142476-292X10.22103/jak.2019.11777.2638https://doaj.org/article/c3eed723ce6547b0882fdda53d237adb2019-07-01T00:00:00Zhttps://jak.uk.ac.ir/article_2269_f326174eaea619664f83e66ccbc7874f.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XObjective: This study aims to analyze the dividends smoothing phenomenon in the Tehran Stock Exchange, TSE, during 2009-2016. Method: Data have been collected and analyzed by referring to the professional databases and using Excel and Stata software. Panel data model was applied to test the research hypotheses. Result: Findings verified dividends smoothing in the TSE and showed when the Lintner model (1956) and cash dividends pattern were used, the level of identified smoothing increases. Also, when the Lintner model and announced dividends pattern were used, the levels of smoothing in two sub-periods are different. Conclusion: In the TSE, there exists dividend smoothing phenomenon, and better understanding of it requires consideration of the type of dividends and the model used.Ali Saghafi (Ph.D)Iraj AsghariAzam Mohtadi (Ph.D)Shahid Bahonar University of Kermanarticledividend smoothinglinter modelleary and michaelyAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 10, Iss 2, Pp 1-20 (2019)
institution	DOAJ
collection	DOAJ
language	FA
topic	dividend smoothing linter model leary and michaely Accounting. Bookkeeping HF5601-5689
spellingShingle	dividend smoothing linter model leary and michaely Accounting. Bookkeeping HF5601-5689 Ali Saghafi (Ph.D) Iraj Asghari Azam Mohtadi (Ph.D) Investigation of Dividend Smoothing in Tehran Stock Exchange
description	Objective: This study aims to analyze the dividends smoothing phenomenon in the Tehran Stock Exchange, TSE, during 2009-2016. Method: Data have been collected and analyzed by referring to the professional databases and using Excel and Stata software. Panel data model was applied to test the research hypotheses. Result: Findings verified dividends smoothing in the TSE and showed when the Lintner model (1956) and cash dividends pattern were used, the level of identified smoothing increases. Also, when the Lintner model and announced dividends pattern were used, the levels of smoothing in two sub-periods are different. Conclusion: In the TSE, there exists dividend smoothing phenomenon, and better understanding of it requires consideration of the type of dividends and the model used.
format	article
author	Ali Saghafi (Ph.D) Iraj Asghari Azam Mohtadi (Ph.D)
author_facet	Ali Saghafi (Ph.D) Iraj Asghari Azam Mohtadi (Ph.D)
author_sort	Ali Saghafi (Ph.D)
title	Investigation of Dividend Smoothing in Tehran Stock Exchange
title_short	Investigation of Dividend Smoothing in Tehran Stock Exchange
title_full	Investigation of Dividend Smoothing in Tehran Stock Exchange
title_fullStr	Investigation of Dividend Smoothing in Tehran Stock Exchange
title_full_unstemmed	Investigation of Dividend Smoothing in Tehran Stock Exchange
title_sort	investigation of dividend smoothing in tehran stock exchange
publisher	Shahid Bahonar University of Kerman
publishDate	2019
url	https://doaj.org/article/c3eed723ce6547b0882fdda53d237adb
work_keys_str_mv	AT alisaghafiphd investigationofdividendsmoothingintehranstockexchange AT irajasghari investigationofdividendsmoothingintehranstockexchange AT azammohtadiphd investigationofdividendsmoothingintehranstockexchange
_version_	1718444617906520064

Investigation of Dividend Smoothing in Tehran Stock Exchange

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