. The valuation theory gives many clues for interpretation of dividend changes. At the start of literature review, the …This article measures the reaction of marginal investors to announcement of surprise dividend increase. However, the … dividend irrelevance (to investment decision) assumption is met. This assumption holds up-to-date valuation procedures leading …

drives investors' investment decision-making process. This study examines the effect of dividend announcement on stock …

This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost … exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the … difference between the actual dividend and the analyst consensus forecast as obtained from I/B/E/S as a proxy for the dividend …

. -- Dividend Announcements ; Market Efficiency ; Ownership Structure ; Agency Theory …This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost … exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the …

This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost … exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the … difference between the actual dividend and the analyst consensus forecast as obtained from I/B/E/S as a proxy for the dividend …

This paper reconsiders the issue of share price reactions to dividend announcements. Previous papers rely almost … exclusively on a naive dividend model in which the dividend change is used as a proxy for the dividend surprise. We use the … difference between the actual dividend and the analyst consensus forecast as obtained from I/B/E/S as a proxy for the dividend …

Investor sentiment affects stock market liquidity by affecting noise trading and irrational market makers. Previous … studies have focused on this effect with the time-series variation in sentiment and liquidity. This paper utilizes firm …-specific news sentiment (FSNS) to examine its effect on stock liquidity in China stock market and show that firms with an optimistic …

This paper finds that dividend signaling hypothesis is able to explain the phenomenon of assets concentration in short … and medium investments in Islamic Interest-Free banking (IIFBs). In this paper a dividend signaling model framework has … been introduced, where in the process of maintaining a stable dividend, mangers of Islamic Interest-Free banking (IIFBs …

The neo-classical finance theory suggests that capital markets can reasonably reflect the value of listed companies … stock return volatilities, and without a stable cash dividend policy, stock return volatilities may unrelated to the …

-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend–price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio …