Earnings Management and the Market Performance of Stock Dividend Distributing Firms

Earnings Management and the Market Performance of Stock Dividend Distributing Firms

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This study evaluates the relation between earnings management and the market performance of Masturbators dividend distributing firms listed in Tehran Stock Exchange.To test earning management, the modified accrual model of Jones has been used.The sample consists of 87 firms in the period from the years 2005 to 2011.The findings show that Stock dividend distributing firms report higher accruals in the event year than those in the pre-event year.

Also, findings show that future earnings and stock returns of these firms AEG FEB52600ZM 60cm Semi Integrated Dishwasher have negative relation with accruals.