Accounting and Auditing Research

Accounting and Auditing Research

The investigation of relationship between volatility of profit ability ratios, retained earnings, capital expenditures, and changes incorporate dividend policy on firms listed in Tehran Stock Exchange

Document Type : Original Article

Authors
Zohreh Hajiha 1
Mahmood Meyvand 2
1 Associate professor of Islamic Azad University, East Tehran Branch, Iran.
2 MSc in Accounting, Islamic Azad University Shahre Ghods Branch, Iran.
Abstract
The purpose of this study is to examine the investigation to relationship between volatility of profitability ratios, retained earnings, capital expenditures, and changes in corporate dividend policy of the company. This study is based on data analysis of literature and analytical – causative panel (panel data).
The research sample consists of 102 companies listed in Tehran Stock Exchange during the period 2008 to 2013.To analyze the results of the software is used toSpss20، Eviews7andMinitab16.The results show that the criteria of profitability and changes in dividend policies of companies and there is a direct relationship. The analysis has been done suggests that the ratio of retained earnings and the ratio of capital expenditure to changes in a company's dividend policy and an inverse relationship exists
Keywords
Measure of profitability
Dividend policy
retained earnings and Capital expenditure
Accounting and Auditing Research
Volume 9, Issue 35
Autumn 2017
Pages 91-106