How to cite this paper
Hayatbakhsh, A & Maghariee, A. (2013). A study on relationship between asymmetric information on dividend polices of companies listed in Tehran Stock Exchange.Management Science Letters , 3(7), 2089-2094.
Refrences
Al-Malkawi, H. A. N. (2007). Determinants of corporate dividend policy in Jordan: an application of
the Tobit model. Journal of Economic and Administrative Sciences, 23(2), 44-70.
Baker, M., & Wurgler, J. (2002). Market timing and capital structure. The Journal of Finance, 57(1),
1-32.
Baker, M., & Wurgler, J. (2004). A catering theory of dividends. The Journal of Finance, 59(3),
1125-1165.
Barclay, M. J., Smith, C. W., & Watts, R. L. (1995). The determinants of corporate leverage and
dividend policies. Journal of applied corporate finance, 7(4), 4-19.
Benartzi, S., Michaely, R., & Thaler, R. (1997). Do changes in dividends signal the future or the
past?. The Journal of Finance, 52(3), 1007-1034.
Boulton, T. J., Braga-Alves, M. V., & Shastri, K. (2012). Payout policy in Brazil: Dividends versus
interest on equity. Journal of Corporate Finance, 18(4), 968-979.
Brav, A., Graham, J. R., Harvey, C. R., & Michaely, R. (2005). Payout policy in the 21st
century. Journal of Financial Economics, 77(3), 483-527.
Brockman, P., & Unlu, E. (2011). Earned/contributed capital, dividend policy, and disclosure quality:
an international study. Journal of Banking & Finance,35(7), 1610-1625.
Cao, J., Pan, X., & Tian, G. (2011). Disproportional ownership structure and pay–performance
relationship: evidence from China & apos; s listed firms. Journal of Corporate Finance, 17(3), 541-554.
Chae, J., Kim, S., & Lee, E. J. (2009). How corporate governance affects payout policy under agency
problems and external financing constraints. Journal of Banking & Finance, 33(11), 2093-2101.
Chen, J., & Dhiensiri, N. (2009). Determinants of dividend policy: the evidence from New
Zealand. International Research Journal of Finance and Economics, 34, 18-28.
Crutchley, C. E., & Hansen, R. S. (1989). A test of the agency theory of managerial ownership,
corporate leverage, and corporate dividends. Financial Management, 36-46.
Denis, D. J., & Osobov, I. (2008). Why do firms pay dividends? International evidence on the
determinants of dividend policy. Journal of Financial Economics, 89(1), 62-82.
Easterbrook, F. H. (1984). Two agency-cost explanations of dividends. The American Economic
Review, 74(4), 650-659.
Grullon, G., & Michaely, R. (2002). Dividends, share repurchases, and the substitution
hypothesis. The Journal of Finance, 57(4), 1649-1684.
Guay, W., & Harford, J. (2000). The cash-flow permanence and information content of dividend
increases versus repurchases. Journal of Financial Economics, 57(3), 385-415.
Gul, F. A. (1999). Government share ownership, investment opportunity set and corporate policy
choices in China. Pacific-Basin Finance Journal, 7(2), 157-172.
Gul, F. A. (1999). Growth opportunities, capital structure and dividend policies in Japan. Journal of
Corporate Finance, 5(2), 141-168.
Hovakimian, A., Hovakimian, G., & Tehranian, H. (2004). Determinants of target capital structure:
The case of dual debt and equity issues. Journal of Financial Economics, 71(3), 517-540.
Jagannathan, M., Stephens, C. P., & Weisbach, M. S. (2000). Financial flexibility and the choice
between dividends and stock repurchases. Journal of financial Economics, 57(3), 355-384.
Jensen, M. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate
Finance, and Takeovers. American Economic Review,76(2).
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and
ownership structure. Journal of financial economics, 3(4), 305-360.
Jensen, G. R., Solberg, D. P., & Zorn, T. S. (1992). Simultaneous determination of insider ownership,
debt, and dividend policies. Journal of financial and Quantitative analysis, 27(02), 247-263.
Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and
taxes. The American Economic Review, 46(2), 97-113.
Lopez de Silanes, F., Vishny, R., & Shleifer, A. (2000). Agency problems and dividend policies
around the world. Journal of finance, 60(1), 1-33.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of financial economics, 5(2), 147-
175.
Porta, R., Lopez?de?Silanes, F., & Shleifer, A. (1999). Corporate ownership around the world. The
journal of finance, 54(2), 471-517.
Tang, C. H. H., & Jang, S. S. (2007). Revisit to the determinants of capital structure: a comparison
between lodging firms and software firms. International Journal of Hospitality
Management, 26(1), 175-187.
the Tobit model. Journal of Economic and Administrative Sciences, 23(2), 44-70.
Baker, M., & Wurgler, J. (2002). Market timing and capital structure. The Journal of Finance, 57(1),
1-32.
Baker, M., & Wurgler, J. (2004). A catering theory of dividends. The Journal of Finance, 59(3),
1125-1165.
Barclay, M. J., Smith, C. W., & Watts, R. L. (1995). The determinants of corporate leverage and
dividend policies. Journal of applied corporate finance, 7(4), 4-19.
Benartzi, S., Michaely, R., & Thaler, R. (1997). Do changes in dividends signal the future or the
past?. The Journal of Finance, 52(3), 1007-1034.
Boulton, T. J., Braga-Alves, M. V., & Shastri, K. (2012). Payout policy in Brazil: Dividends versus
interest on equity. Journal of Corporate Finance, 18(4), 968-979.
Brav, A., Graham, J. R., Harvey, C. R., & Michaely, R. (2005). Payout policy in the 21st
century. Journal of Financial Economics, 77(3), 483-527.
Brockman, P., & Unlu, E. (2011). Earned/contributed capital, dividend policy, and disclosure quality:
an international study. Journal of Banking & Finance,35(7), 1610-1625.
Cao, J., Pan, X., & Tian, G. (2011). Disproportional ownership structure and pay–performance
relationship: evidence from China & apos; s listed firms. Journal of Corporate Finance, 17(3), 541-554.
Chae, J., Kim, S., & Lee, E. J. (2009). How corporate governance affects payout policy under agency
problems and external financing constraints. Journal of Banking & Finance, 33(11), 2093-2101.
Chen, J., & Dhiensiri, N. (2009). Determinants of dividend policy: the evidence from New
Zealand. International Research Journal of Finance and Economics, 34, 18-28.
Crutchley, C. E., & Hansen, R. S. (1989). A test of the agency theory of managerial ownership,
corporate leverage, and corporate dividends. Financial Management, 36-46.
Denis, D. J., & Osobov, I. (2008). Why do firms pay dividends? International evidence on the
determinants of dividend policy. Journal of Financial Economics, 89(1), 62-82.
Easterbrook, F. H. (1984). Two agency-cost explanations of dividends. The American Economic
Review, 74(4), 650-659.
Grullon, G., & Michaely, R. (2002). Dividends, share repurchases, and the substitution
hypothesis. The Journal of Finance, 57(4), 1649-1684.
Guay, W., & Harford, J. (2000). The cash-flow permanence and information content of dividend
increases versus repurchases. Journal of Financial Economics, 57(3), 385-415.
Gul, F. A. (1999). Government share ownership, investment opportunity set and corporate policy
choices in China. Pacific-Basin Finance Journal, 7(2), 157-172.
Gul, F. A. (1999). Growth opportunities, capital structure and dividend policies in Japan. Journal of
Corporate Finance, 5(2), 141-168.
Hovakimian, A., Hovakimian, G., & Tehranian, H. (2004). Determinants of target capital structure:
The case of dual debt and equity issues. Journal of Financial Economics, 71(3), 517-540.
Jagannathan, M., Stephens, C. P., & Weisbach, M. S. (2000). Financial flexibility and the choice
between dividends and stock repurchases. Journal of financial Economics, 57(3), 355-384.
Jensen, M. (1986). Agency cost of free cash flow, corporate finance, and takeovers. Corporate
Finance, and Takeovers. American Economic Review,76(2).
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and
ownership structure. Journal of financial economics, 3(4), 305-360.
Jensen, G. R., Solberg, D. P., & Zorn, T. S. (1992). Simultaneous determination of insider ownership,
debt, and dividend policies. Journal of financial and Quantitative analysis, 27(02), 247-263.
Lintner, J. (1956). Distribution of incomes of corporations among dividends, retained earnings, and
taxes. The American Economic Review, 46(2), 97-113.
Lopez de Silanes, F., Vishny, R., & Shleifer, A. (2000). Agency problems and dividend policies
around the world. Journal of finance, 60(1), 1-33.
Myers, S. C. (1977). Determinants of corporate borrowing. Journal of financial economics, 5(2), 147-
175.
Porta, R., Lopez?de?Silanes, F., & Shleifer, A. (1999). Corporate ownership around the world. The
journal of finance, 54(2), 471-517.
Tang, C. H. H., & Jang, S. S. (2007). Revisit to the determinants of capital structure: a comparison
between lodging firms and software firms. International Journal of Hospitality
Management, 26(1), 175-187.