January 28, 2026
مهدي رضايي

مهدی رضایی

Academic Rank: Assistant professor
Address:
Degree: Ph.D in accounting
Phone: +987731222114
Faculty: School of Business and Economics

Research

Title Investigating The Impact Of Profit Per Share And The Credibility Of The Board Of Directors On The Simultaneity Of Stock Prices With The Moderating Role Of Dividend Policy In Companies Listed On The Tehran Stock Exchange
Type Article
Keywords
سود هر سهم, اعتبار هيئت مديره, همزماني قيمت سهام, سياست تقسيم سود,
Journal مهندسی مالی و مدیریت اوراق بهادار
DOI https://sanad.iau.ir/Journal/fej/Article/1186010
Researchers Seyed Mohammad Zakerhosseini (First researcher) , مهدي رضايي (Second researcher)

Abstract

The present study examines the effect of earnings per share and board of directors' credibility on stock price synchronization with the moderating role of dividend policy in companies listed on the Tehran Stock Exchange. In the financial world, stock price synchronization means the co-movement of stock prices in the market, which can be affected by various factors. Earnings per share, as one of the most important performance indicators of companies, has a great impact on investors' decisions and can help synchronize prices. This study aims to explain the effect of earnings per share and board of directors' credibility on stock price synchronization with the moderating role of dividend policy. This study is applied in terms of its purpose and is a descriptive research. The main objective of the study is to examine the effect of earnings per share and board of directors' credibility on stock price synchronization with the moderating role of dividend policy in companies listed on the Tehran Stock Exchange. The statistical population of the study is the Tehran Stock Exchange and the research sample is 115 companies listed on the Tehran Stock Exchange in the 8-year period between 2015 and 2022. In order to test the research hypothesis, multivariate regression with mixed data and Iviews software was used. According to the research results, it can be concluded that there is a negative and significant effect between earnings per share on the company's stock price synchronization, and there is a positive and significant effect between the credibility of the board of directors on the stock price synchronization, and there is no significant effect between earnings per share on the stock price synchronization and the moderating role of dividend policy, and there is no significant effect between the credibility of the board of directors on the stock price synchronization and the moderating role of dividend policy. This article can help investors and company managers to make bett