Recent studies in efficient markets have shown that dividend signaling is valid as long as dividends have remained unchanged for a long time. We studied the history of Iranian companies to see if the dividend signals change over and over again. Our sample included 148 companies listed on the Tehran Stock Exchange and examined the annual increase in dividends. To examine the dividend signals, we studied the unusual earnings in the first two days of the dividend announcement. We designed two hypotheses in these studies, the first of which was based on the significant relationship between increased dividends and abnormal returns. In regression analysis of hypotheses using statistical methods and using Eviews software, both hypotheses were rejected. We consider the main reason for this unexpected result to be economic instability and capital market inefficiency in Iran, and at the end we made suggestions for further studies in this field.
khoshkar,F. , khoshe,M. and khajavi,M. H. (2021). Marking the increase in dividends in the Iranian stock market - Tehran Stock Exchange. Journal of Accounting and Management Vision, 3(37), 77-89.
MLA
khoshkar,F. , , khoshe,M. , and khajavi,M. H. . "Marking the increase in dividends in the Iranian stock market - Tehran Stock Exchange", Journal of Accounting and Management Vision, 3, 37, 2021, 77-89.
HARVARD
khoshkar F., khoshe M., khajavi M. H. (2021). 'Marking the increase in dividends in the Iranian stock market - Tehran Stock Exchange', Journal of Accounting and Management Vision, 3(37), pp. 77-89.
CHICAGO
F. khoshkar, M. khoshe and M. H. khajavi, "Marking the increase in dividends in the Iranian stock market - Tehran Stock Exchange," Journal of Accounting and Management Vision, 3 37 (2021): 77-89,
VANCOUVER
khoshkar F., khoshe M., khajavi M. H. Marking the increase in dividends in the Iranian stock market - Tehran Stock Exchange. Journal of Accounting and Management Vision, 2021; 3(37): 77-89.
