Seyed Reza Seyed Nezhad Fahim; Ayat Balali; Fereshteh Hasanzadeh
Volume 2, Issue 2 , September 2021, , Pages 167-179
Abstract
Purpose: Dividend payment decisions are one of the critical components of corporate policy and one of the most important issues in the financial literature. On the one hand, they affect companies' investments. On the other hand, many shareholders with short-term investment horizons want to distribute ...
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Purpose: Dividend payment decisions are one of the critical components of corporate policy and one of the most important issues in the financial literature. On the one hand, they affect companies' investments. On the other hand, many shareholders with short-term investment horizons want to distribute cash dividends, so managers must constantly balance their interests and profitable investment opportunities to maximize wealth. This study examines the effect of investor pressure on dividend policy.Methodology: Eighty-four companies listed on the Tehran Stock Exchange from 2013 to 2018 were selected. Using the combined data approach, we tested the research hypotheses.Findings: The results of this study indicate that the pressure of investors has a positive and significant effect on the dividend per share and the ratio of dividends to sales.Originality/Value: Explaining the policy of profit sharing of companies and its determining factors is one of the biggest challenges that has always been faced by thinkers in the field of financial economics, which was examined in the present study.
Seyed Reza Seyed Nezhad Fahim; Samaneh Zamani
Volume 1, Issue 2 , September 2020, , Pages 140-156
Abstract
Purpose: This paper aims to investigate the role and impact of audited quality indicators on the amount of audited earnings corrections. Methodology: Three indicators, auditor tenure, auditor size, and auditor fees, were used to measure the audit quality. Research hypotheses based on collected data from ...
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Purpose: This paper aims to investigate the role and impact of audited quality indicators on the amount of audited earnings corrections. Methodology: Three indicators, auditor tenure, auditor size, and auditor fees, were used to measure the audit quality. Research hypotheses based on collected data from 128 companies accepted in the Tehran Stock Exchange from 2013 to 2018 were tested using combined regression analysis. Findings: The test results showed a significant positive relationship between auditor tenure and auditor industry specialization with audit adjustments to earnings, but there is a negative and meaningless relationship between auditor fees, auditor size, and auditor rate with audit adjustments to earnings. To further analyze, the effect of audit quality on the downward audit adjustments to earnings was also examined. Evidence indicates a significant positive relationship between auditor tenure and auditor industry specialization with downward audit adjustments to earnings and a significant negative relationship between auditor size and auditor rate with downward audit adjustments to earnings. Originality/Value: In this research, five indicators of auditor tenure, auditor size, auditor rank, auditor specialization in industry, and auditor fee were used as criteria for audit quality.
