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This study examines the reactions of market makers and investors to large dividend increases to identify the motives … for dividend increases. Uniquely, this study simultaneously tests the signaling and agency abatement motivations as … explanations of the impact of dividend increases on stock prices and bid-ask spreads. The agency abatement hypothesis argues that …
Persistent link: https://www.econbiz.de/10009475061
in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange …, such as price earnings ratio (PER) and cash dividends. The formulation of problem is how the effect of Price Earning Ratio … (PER) and cash dividend on the company's share price listed on the Indonesia Stock Exchange. The aim of this research is to …
Persistent link: https://www.econbiz.de/10009464527
. Moreover, a number of surveys present the assessment of payout policy, especially dividend policy, from decision …
Persistent link: https://www.econbiz.de/10009451163
The present thesis is a microstructure study of the Warsaw Stock Exchange (WSE). In the first part, I find evidence in favor of the so-calles mixture of distributions hypothesis according to which the time-variant daily order flow translates into volatility persistence in stock returns. In part...
Persistent link: https://www.econbiz.de/10009460735
The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...
Persistent link: https://www.econbiz.de/10009471788
increased dividend payments.The study did not distinguish between the different origins of dividends asresearch advises that the …This study investigated whether the way in which dividends are taxed in SouthAfrica, with the introduction of Secondary … Tax on Companies (STC) in 1993,together with the extensive piece of legislation which incorporates dividends, hasa …
Persistent link: https://www.econbiz.de/10009442252
-basedexplanations. Results suggest that dividends are less explanatory as to future earnings inthe post-JGTRRA period. Post-JGTRRA dividend …This dissertation examines firms’ reactions to two changes in tax law intended toincrease dividend payout and capital … and dividend policies. Data analyses suggest that greater boardindependence mitigates the effects of both CEO stock and …
Persistent link: https://www.econbiz.de/10009465065
We empirically investigate dividend and share repurchase policies of Canadian firms. Our analysis contains two features … the firm decides on the form of the payout: dividends, share repurchases or both. Payout is determined by free cash flow …. The choice for dividends and repurchases depends on behavioral and tax preferences. Furthermore, the payout is less likely …
Persistent link: https://www.econbiz.de/10009465924
This study is an empirical examination of a new theory that links dividends to institutional ownership in a framework …, dividends are paid out to attract tax-favored institutional investors, thereby signaling good firm quality and/or more efficient … testing various aspects of the relationship between dividends and institutional holdings. Unlike the prevalent literature on …
Persistent link: https://www.econbiz.de/10009475022
performance of firms listed at SET. The dividend policies of listed firms have also been influenced by these fluctuations in the … business cycle.This study investigates the phenomenon of disappearing dividends in the developing capital market of Thailand … dividend polices over the period 1990 to 2002. More specifically, the study explores the characteristics of firms which pay …
Persistent link: https://www.econbiz.de/10009475186