Volatility is one of the most important factors of investment decisions. Unexpected information forces the investor to trade abnormally in the market which in turn affects the volatility of the market. But this kind of trading behavior has a different impact on the different market segments....

Corporate bond market is an important segment of financial market in terms of funds raised as well as potential for future growth though is sparsely researched. One of the two propositions on impact of dividend changes is signaling hypothesis (Bhattacharya, 1979) which suggests a positive effect...