Mladenoska, Aleksandra - In: Journal of Contemporary Economic and Business Issues 4 (2017) 2, pp. 37-50
when determining the movement of share prices around dividend payment dates, whilst a Panel data regression model is used … quarter when the decision on dividend payment is declared, the share price goes up by 9%. Second, on the ex-dividend date, the … share price decreases. Third, in the quarter after dividend payment, the share price declines by 4%. Fourth, the change in …