disclosure dividend policy and earnings quality

... decisions and earnings quality, there is limited evidence on dividends-earnings quality association This paper contributes to the literature on the relation between dividend policy and earnings quality ... Skinner and Soltes (2011) find that dividend payers have more persistent earnings 303 Dividend policy and earnings quality Trang 4than non-dividend payers Tong and Miao (2011) also document that dividend ... industry and year fixed effects 3.5 Empirical model To examine the relation between dividend policy and earnings quality, two measures of earnings quality (EQDD and EQDDM) are regressed on dividend policy...

Ngày tải lên: 05/06/2020, 04:10

... Review,Aharony, J and Dotan, A (1994), “Regular Dividend Announcements and FutureUnexpected Earnings: An Empirical Analysis”, The Financial Review,Aharony, J and Swary, I (1980), “Quarterly Dividend and Earnings ... the firm, New York: John Wiley andBlack, F and Scholes, M (1974), “The Effect of Dividend Yield and Dividend Policy onCommon Prices and Returns”, in Michael, C J and Clifford, W S (1984), The ... financial landscape.This study explores the relationship between dividend policy, earnings, and stock prices of Nigerian banks, utilizing investment ratios such as dividend yield, earnings yield, and...

Ngày tải lên: 20/10/2022, 14:33

... and sales of firm i at time t; LEVi.t× DPSi,t , DPSi,t× SOEi,t , and LEVi,t× SOEi.t are the interaction terms of financial leverage and dividend policy, dividend policy and state ownership, and ... dividend policy: Economists’ perspectives in dividends come in many and various definitions Dividends are the distribution of earnings after tax and interest payments on debt to shareholders Dividends ... performance Supporters for dividend policy are categorized into pro-dividend, anti-dividend, and neutral school The pro-dividend school starts with the introduction of Bird-in-hand theory M J Gordon...

Ngày tải lên: 04/12/2018, 23:58

... studies (Koch and Sun, 2004; Dhaliwal, Erickson, and Trezevant, 1999; Graham and Kumar, 2006; Dahlquist, Robertsson, and Rydqvist, 2007; Hotchkiss and Lawrence, 2007; and Desai and Jin, 2011) ... between the dividend policy and share price (Damodaran, 2010): The first school maintains that no effect for the dividend policy on the share price and the company value (Miller and Modigliani, ... between dividend policy and share price volatility, and a negative relationship between payout ratio and share price volatility While Shah and Noreen (2016) studied the relationship between dividend...

Ngày tải lên: 16/01/2020, 18:24

... HOSEResearch aims and research questions Firstly, synthesizing a theoretical basis and literature review on EM and dividend policy Secondly, estimating and discussing the impact of dividend policy on ... management and dividend policy of listed firms Chapter 2: Research model and research methodology Chapter 3: Research results and discussion THEORETICAL FOUNDATIONS OF EARNINGS MANAGEMENT ANDOverview ... the topic " THE IMPACT OF DIVIDEND POLICY ON EARNINGS MANAGEMENT OF LISTED FIRMS IN THE HO CHI MINH STOCK EXCHANGE" to identify the relationship between EM and dividend policy among listedfirms...

Ngày tải lên: 12/03/2025, 02:26

... developing standards and accreditation procedures, monitoring and continuousquality improvement For countries with policy and standards in place it providesguidance on the ways in which the quality ... organizations, and organizations of people with mental disorders and family members These organizations demand quality and excellence and monitor whether practice and implementation are of a high standard ... and authority can result in inconsistent, if not contradictory, standards and requirements It is essential to coordinate and align standards and requirements if these are to promote quality and...

Ngày tải lên: 15/03/2014, 01:20

... approaches Pt in (1) and (3) as T→∞ This involves adjusting expected earnings within the firm for earnings from reinvesting the dividends paid out and capitalizing the aggregated cum-dividend flow at ... clean-surplus specifications of X and B and the free cash flow and accrual accounting specifications are special cases Easton, Harris and Ohlson (1992) show that the cum-dividend earnings (within the square ... portfolio ex post cum-dividend prices, dividends, free cash flows and GAAP cum-dividendearnings (available for common), for selected t+T, all in units of portfolio price at t Standard deviations...

Ngày tải lên: 23/04/2014, 16:06

... right view of dividend rate, the dividend payout ratio, the dividend yield and the signal from the dividend policy of the listed companies Thus, the outcomes may support the stability and development ... market and the economy are facing in a difficult period, the study of dividend policy of Vietnamese in the listed companies is urgent and necessary This study not only supports a dividend policy ... of Dividend payout policy _ HA NOI STOCK EXCHANCE (HNX) 31 Table 4–6 Determinants of Dividend payout policy _ HO CHI MINH STOCK EXCHANCE (HOSE) 32 Table 4–7 Determinants of Dividend payout policy...

Ngày tải lên: 21/12/2016, 09:14

... dividends and future earnings growth exists In other words, lower dividends result in higher expected earnings growth On the other hand, some researchers believe a positive relation between dividends ... about dividend policy focused on U.S firms, as mentioned above For example, Nissim and Ziv (2001) and Arnott and Asness (2003), who found a positive relationship between dividend payouts and future ... relation between dividend payout and the future earnings The other way around, a dividend increase has took place, earnings at t-1 and t have increased Notice, no evidence is found that the earnings...

Ngày tải lên: 12/08/2017, 21:35

... investor’s sentiment on share market response to earnings news Auditing quality involves auditor reputation quality and auditor implicit quality The high-quality of auditing work can not only enhance ... “supervision strength” and the “information quality” by the auditors The high auditing quality contributes to the high quality of accounting information and transparent disclosure of accounting ... (1982) and Randolph (1982) implies that the investors are able to realize the self-interest of mangers and are merely willing to pay low for the purchase of bonds and shares, leading both honest and...

Ngày tải lên: 16/01/2020, 17:06

... York: Garland Merino, B D., and Neimark, M D (1982) Disclosure regulation and public policy: A sociohistorical reappraisal Journal of Accounting and Public Policy, fall, 33–57 Miller, P., and Napier, ... to the strong and unrealistic assumptions that must be made concerning earnings dynamics and dividend policy Specifically, earnings are known to contain transitory elements; and earnings are expected ... treats accounting earnings as if they are ‘‘permanent.’’ Kothari (1992), Kothari and Sloan (1992), and others show that if earnings follow a random walk and are fully distributed as dividends, value...

Ngày tải lên: 31/10/2014, 01:32

... 1.417 2.420 Dividends to cash flow Cash dividends to total earnings plus depreciation 0.053 Dividends to earnings Cash dividends to total earnings 0.096 0.673 Dividends to sales Cash dividends ... TDI- Disclosure TDI- Shareholder Transparency and Disclosure Index Board structure and procedures Disclosure Shareholders Panel B: Performance and Control Variables ROA Earnings before interest and ... influence dividend policy This study contributes to the literature both in dividend policy and in agency theory In dividend policy, we show that corporate governance is a significant determinant of dividend...

Ngày tải lên: 02/01/2015, 17:33

... between audit partner tenure and earnings quality In this paper, we ask two questions: (1) does earnings quality decrease with audit partner tenure, and (2) does 22 earnings quality decrease with audit ... the association between audit firm tenure and earnings quality is not significant Understanding the relation between audit partner tenure and earnings quality is important for audit firms when ... audit quality Recent studies investigating the relation between audit firm tenure and earnings/ audit quality use discretionary accruals as a proxy for earnings/ audit quality (JKR; MMO; Ghosh and...

Ngày tải lên: 06/01/2015, 19:41

... management and investors (Leland and Pyle, 1977), and between informed and uninformed investors (e.g Rock, 1986; Beatty and Ritter, 1986), and such information asymmetry is a necessary condition for earnings ... between audit quality and earnings management in the fiscal year of IPO exists in Taiwan Audit quality has become a concern after scandals such as Enron, WorldCom, and Ahold, etc These scandals raised ... auditor reputation and unexpected accruals are discussed in section IV Section V is the summary and conclusion II Earnings management, audit quality and IPOs Earnings management and initial public...

Ngày tải lên: 06/01/2015, 19:41

... audit quality should improve earnings quality, we discuss earnings quality or ‘perceptions of earning quality rather than ‘audit /earnings quality or ‘perceptions of audit /earnings quality ... perceptions of earnings quality We find that our various measures of pre-client and client-specific experience enhance earnings quality and perceptions of earnings quality for both private and public ... pre-client and client-specific experience on earnings quality and perceptions of earnings quality for both private and public companies in Taiwan.16 Taiwanese Company Law and Securities and Exchange...

Ngày tải lên: 06/01/2015, 19:41

... Pre-Client and Client-Specific Experience on Earnings Quality and on Perceptions of Audit Quality SUMMARY: We examine the effects of auditors‘ pre-client and client-specific experience on earnings quality ... influenced by taxation, dividend policy, and other company policies These differences imply a lower demand for financial statement quality (and hence, lower earnings quality) for private companies ... complacency over time and, thus, to a reduction in audit quality and earnings quality, and around counter-arguments made by opponents of mandatory audit firm rotation—that mandatory rotation imposes...

Ngày tải lên: 06/01/2015, 19:41

... Audit Partner Rotation, Earnings Quality and Earnings Conservatism Abstract We provide evidence of an association between audit partner rotation and the quality of earnings It is a requirement ... litigation and earnings restatements Deis and Giroux (1992) review audit quality letters produced by a public audit agency and conclude that audit quality declines as tenure increases However, Geiger and ... other studies of the link between audit quality and the quality of earnings, we use a measure of unexpected accruals as an initial proxy for earnings quality Given that most, if not all the arguments...

Ngày tải lên: 06/01/2015, 19:42

... This study investigates the impact of mandated auditor changes on earnings, and thus audit, quality by focusing on one element o f earnings quality preceding and following the Korean government’s ... Accounting and Economics 18: 3-42 , R Sloan, and A Sweeney 1995 Detecting earnings management The Accounting Review 70 (2): 193-225 _ ; _, and I D Dichev 2002 The quality of accruals and earnings: ... R.M., M.F Johnson, and K.K Nelson 2002 Auditor independence and earnings quality The Accounting Review 77 (Supplement): 71-105 Geiger, M.A., and K Raghunandan 2002 Auditor tenure and audit reporting...

Ngày tải lên: 06/01/2015, 19:42

... audit quality on earnings forecast accuracy and bias, we regress measures of forecast error on our proxy for audit quality (i.e., a Big dummy variable), a measure of underwriter quality and three ... possible that earnings management occurs in response to the prior disclosure of an earnings target The incentives for such earnings management and their role in determining the extent of earnings ... audit quality and forecast accuracy H2: There is no association between audit quality and forecast bias DATA 3.1 Sample Our sample begins with all Australian industrial IPOs between 1991 and 1998...

Ngày tải lên: 06/01/2015, 19:43

... services and earnings quality The Accounting Review 77 (Supplement): 71–105 The Accounting Review, July 2003 798 Myers, Myers, and Omer Geiger, M., and K Raghunandan 2002 Auditor tenure and audit quality ... whether mandatory auditor rotation would improve earnings quality, we provide evidence inconsistent with the claim that earnings quality For a more thorough discussion of audit quality and auditor ... auditor tenure does not lead to reduced audit and earnings quality If deteriorating earnings and/ or audit quality are the motivation for calls for mandatory rotation, then our results not support...

Ngày tải lên: 06/01/2015, 19:43