This paper applies Johansen's vector error-correction model (VECM) to investigate for the existence of the dividend signaling effect in the Singapore aggregate market through impulse response analysis, forecast error variance decomposition and Granger-causality test. Our findings show that a...

The catering theory of dividends proposed that corporate dividend policy is driven by prevailing investor demand for dividend payers, and that managers cater to investors by paying dividends when the dividend premium is high. While earlier research found that the dividend premium is not driven...

This paper investigates the relationship between demographic changes and the long-run returns of dividend-yield investment strategies in the US. We hypothesise that in a world where components of wealth are mentally treated as being non-fungible, the preference for high dividend-paying stocks by...

Digitalisation is expected to radically change the prospects of the types of occupations that will be needed in the future. This report examines the susceptibility of jobs to computerisation and automation in Singapore by drawing on the methodology and initial data in Frey and Osborne (2013). We...

With the dividend-paying culture increasingly taking hold in corporate Taiwan, this paper investigates the effects of industry peers on the corporate dividend policies in the country. By employing the instrument variable technique, we find strong evidence that the payout policies of Taiwanese...

In this study, we investigated the presence of the Halloween effect in the long-term reversal anomaly in the US. After examining the cross-sectional returns of loser-minus-winner portfolios formed on prior returns over the period of 1931–2021, we found evidence of stronger returns during...

The main purpose of this paper is to apply Johansen's vector error-correction model (VECM) to investigate the existence of the dividend signalling effect in the Singapore aggregate market through impulse response analysis, forecast error variance decomposition and Granger-causality test. Our...