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Research Journal of Business Management
  Year: 2012 | Volume: 6 | Issue: 4 | Page No.: 144-152
DOI: 10.3923/rjbm.2012.144.152
 
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The Impact of Dividend Policy on a Firm’s Real Earnings Management: An Empirical Investigation in Tehran Stock Exchange Listed Companies

Mahdi Moradzadehfard and Sasan Babaie

Abstract:
Given the importance of dividend policy to companies, the issue of real earnings management was examined among dividend payer companies that smooth dividends levels and payout ratios. In this study, the Modified Roychowdhury model was used to estimate real earnings management and Regression model to test hypotheses. In order to estimate, data was obtained for 472 firms and then among of these, 135 firms were selected. The final sample had complete data for the entire sample period of eight years, 2004-2011. The results reveal that the relation between dividend policy and real earnings management is significant and show that dividend policy impacts on real earnings management.
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How to cite this article:

Mahdi Moradzadehfard and Sasan Babaie, 2012. The Impact of Dividend Policy on a Firm’s Real Earnings Management: An Empirical Investigation in Tehran Stock Exchange Listed Companies. Research Journal of Business Management, 6: 144-152.

DOI: 10.3923/rjbm.2012.144.152

URL: https://scialert.net/abstract/?doi=rjbm.2012.144.152

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