Howatt, Ben; Zuber, Richard A.; Gandar, John M.; Lamb, … - In: Applied financial economics 19 (2009) 7/9, pp. 551-562
announcements, but rather to consider the information about risk that the announcements provide. We consider the 'risk information … hypothesis', whereby management provides the market with new information about the risk of the firm's earnings variability … (risk) after a dividend change is observed for all dividend change classifications except for dividend omissions. The …