Dong, Jing; Li, Hui; Liu, Kerry; Wu, Xiaohui - In: Managerial Finance 45 (2019) 3, pp. 381-398
Purpose: The purpose of this paper is to investigate Chinese stock market reaction to the announcements of dividend reductions and omissions. Design/methodology/approach: The data sets cover the period from 1990 to 2009. A rolling portfolio approach is performed and the Fama–French...