The aim of this study is to evaluate the impact of cash dividend components on corporates earnings persistence and return on stock. The population of study consists of 109 companies listed in Tehran Stock Exchange from 2011 to 2016. Data was analyzed using regression model. According to results, the cash component of earnings is more persistent than accruals and it can be used to predict future...

Previous literature studying analysts’ earnings forecasts examines their properties without considering firms’ response to analysts’ forecasts. This study improves upon previous research by considering firms’ earnings management with respect to analysts’ forecasts. I hypothesize that analysts understand firms’ earnings management practices, and incorporate firms’ expected behavior into their fo...

The optimal mechanism literature shows that the principal can extract all the equilibrium payoffs at a given Bayesian Game when the players’ information is correlated. For this result to hold, the principal needs to know how informative are the agents’ signals. If the principal does not know how noisy the signal of a player is, or equivalently, when the signals available to a player can be rank...

We study a model of party formation in which the informativeness of party labels and inter-party ideological heterogeneity are endogenously and jointly determined in response to electoral incentives. Parties use screening to increase the cost of affiliation for politicians whose ideal points diverge from the party platform. Because affiliation decisions are endogenous, increased screening decre...

This dissertation consists of two essays. The first essay provides a rational explanation of the mysterious earnings discontinuity phenomenon. It also develops two new empirical predictions which are supported by the empirical tests. The second essay identifies conditions under which leading indicator variables discourage long-term investment. Essay 1: Discontinuity in Earnings Distribution: A ...

This paper proposes a new method for estimating the intergenerational persistence of lifetime earnings from data that contain only short sections of individual earnings histories. The approach infers lifetime earnings persistence from the persistence of short earnings averages together with information about the stochastic process governing individual earnings. I …nd that lifetime earnings are ...

this study presents empirical evidence concerning the effect of different accounting standard on earnings management. prior studies have shown that accounting standards influence earnings management. tighter accounting standards regime restricts management’s descretion to manipulate accruals, and at the same time, induce more costly real earnings management activities. to investigate this iss...

1. Introduction The main topic of this paper is the phenomenon of scalar implicature. Typical examples are given in (1)-(4): (1) a. Bill has got some of Chomsky's papers. b. The speaker believes that Bill hasn't got all of Chomsky's papers. (2) a. There will be five of us for dinner tonight. b. There won't be more than five of us for dinner tonight. (3) a. X: I like Mary. She's intelligent and ...

INFORMATIVENESS AND THE COMPUTATIONAL METROLOGY OF COLLABORATIVE ADAPTIVE SENSOR SYSTEMS