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Firms changing their listing from the less regulated AIM to the more regulated main section of the London Stock Exchange exhibit positive returns on the day the decision is announced, while for firms moving in the opposite direction both announcement and implementation day returns are negative....
Persistent link: https://www.econbiz.de/10013133544
In this study, we want to investigate whether having a high dividend yield has a catalyst effect on stock prices during … the COVID-19 turmoil period. 164 manufacturing firms in Borsa Istanbul are classified as firms with high and low dividend … with high dividend yield are less impacted in this COVID-19 crash. Likewise, firms with a high frequency of dividend …
Persistent link: https://www.econbiz.de/10013293359
intangible assets are measured by using excess returns. In addition, financial policy is measured by debt and dividend policies …
Persistent link: https://www.econbiz.de/10012301696
This study identifies a J-shaped relation between dividends and firm value. On average, top-dividend-payers are valued … higher than all other firms, while non-dividend-payers are valued higher than low-dividend-payers. This J-shaped relation is … markets outside the U.S. Our evidence suggests that dividend theories, such as the dividend catering, free-cash-flow and …
Persistent link: https://www.econbiz.de/10013002963
value, earnings per share, and dividend policy, on stock returns. Our research uses regression analysis to determine and …, and dividend policy with dividend payout ratio indicators have no effect on stock return. …
Persistent link: https://www.econbiz.de/10014442351
fully-franked dividend. This is a problem because a sample of security prices, unfranked dividends and franked dividends … necessarily leads to the simultaneous estimation of the value of a cash dividend and an imputation credit. We measure the value of …
Persistent link: https://www.econbiz.de/10012901471
, we use a dividend discount model and values from a hypothetical company. The equity value under DPT is also higher when …
Persistent link: https://www.econbiz.de/10012019162
, multiple total stock return measures distinguishing dividend payouts from simple stock returns. Results suggest that both … explicit and implicit risks are positively related to dividend payouts and not to stock returns, while the overall effect on … exposure and, probably as a consequence, boards in carbon intensive companies use dividend policies to attract investment in …
Persistent link: https://www.econbiz.de/10012694482
dividend policies which affect the share price. We use dividend yield and dividend payout as proxies of dividend policy, and … regress these ratios together with other control variables. We model share price volatility as a function of dividend policy … which is proxies through dividend yield and dividend payout ratios using data for the period 2010–2019 collected from …
Persistent link: https://www.econbiz.de/10012824680
We use price pressure resulting from purchases by mutual funds with large capital inflows to identify overvalued equity. This is a relatively exogenous overvaluation indicator as it is associated with who is buying, buyers with excess liquidity, rather than what is being purchased. We document...
Persistent link: https://www.econbiz.de/10013092698