Investigating the Relation between Dividend with Economic Value Added and Return on Assets in the Companies Listed in Tehran Stock Exchange

Article Type:
Research/Original Article (بدون رتبه معتبر)
Abstract:

One aim of investors in the purchasing of company stocks is using from the dividends. Investors enjoy from the cash flow and want to receive assure for particular amounts in the determine time, on the other hand, dividends payout can indicate the financial healthy and suitable condition of company for investors. So companies can use this weapon in their sharing price and also guiding the investors. The aim of this research is the consideration of the payment dividends balance dependent with the company operation of two assessment equivalent including the economic value added and return on assets. In order to consider the subject of 88 companies  select that was necessary to account the research variables and the suitable statistic testing perform like the correlation tests, This research results is that the dividends has weak cohesion with economic value added  and it has no cohesion relation with return on assets.
Therefore, we can conclude that payment or nonpayment of dividends cannot indicate the  suitable or unsuitable operation of company and increasing or decreasing of dividends also should not be indicate for fairness or unfairness investment in the  company ,so utilization of dividends don't recommend to take the investment and credit decisions by investors and creditors.

Language:
Persian
Published:
Journal of Empirical Studies in Financial Accounting, Volume:5 Issue: 19, 2007
Pages:
73 to 91
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