文章基本信息

标题：Asymmetric Information and Dividend Policy in Emerging Markets: Empirical Evidences from Iran
本地全文：下载
作者：Hashem Valipour ; Vahab Rostami ; Mahdi Salehi 等
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2009
卷号：1
期号：1
页码：203
DOI：10.5539/ijef.v1n1P203
出版社：Canadian Center of Science and Education
摘要：Purpose-this study investigates the effect of asymmetric information on dividend policy in listed companies in Tehran Stock Exchange. Methodology-four main hypothesis have designed by theoretical framework, and tested on 111 listed companies in Tehran stock exchange during 2003 to 2007. The statistic analysis had done by malt- variable regression analysis. Findings-the study findings show that there is a meaningful and reverse relationship between asymmetric information and dividend policy. Some other findings show there is a meaningful relationship between dividend policy and return on stock but there is no meaningful relationship between dividend policy with firm size and book value to market value of equity ratio. Practical implementation-the finding of the study could be helpful for university students and users of financial information and other financial analysts in capital market.