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Does Greater Public Scrutiny Hurt a Firm's Performance?
Bennett, Benjamin; Stulz, René M.; Wang, Zexi - 2023
Public attention to a firm may provide valuable monitoring, but it may also have a dark side by constraining management’s decisions and distracting it. We use inclusion in the S&P 500 index as a positive shock to public attention. Media coverage, Google searches, SEC downloads, SEC comment...
Persistent link: https://www.econbiz.de/10014254992
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The impact of a firm's payout policy on stock prices and shareholders' wealth in an inefficient market
Nekat, Kai; Nippel, Peter - 2007
limits of arbitrage leads to market inefficiency. Shareholders gain more from a share repurchases instead of paying a … dividend as long as capital gains are not heavily discriminated by taxation in relation to dividends. The positive price effect … of dividends can be enhanced if the firm implements a dividend reinvestment plan (DRIP). …
Persistent link: https://www.econbiz.de/10011723506
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The information content of dividends : safer profits, not higher profits
Michaely, Roni; Rossi, Stefano; Weber, Michael - 2017 - This version: October 2017
dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the … in volatility come with larger announcement returns. We find similar results for share repurchases. Crucially, the data …
Persistent link: https://www.econbiz.de/10011754236
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Does the information content of payout initiations and omissions influence firm risks?
Eije, Johan H. von; Goyal, Abhinav; Muckley, Cal - In: Journal of econometrics 183 (2014) 2, pp. 222-229
Persistent link: https://www.econbiz.de/10010506054
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Payout policy through the financial crisis : the growth of repurchases and the resilience of dividends
Floyd, Eric; Li, Nan; Skinner, Douglas J. - In: Journal of financial economics 118 (2015) 2, pp. 299-316
Persistent link: https://www.econbiz.de/10011480503
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Dividend payments as a response to peer influence
Grennan, Jillian - In: Journal of financial economics 131 (2019) 3, pp. 549-570
Persistent link: https://www.econbiz.de/10012133014
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Dividend Collectors and Negative Cash Dividends : Evidence from Istanbul Stock Exchange
Kirkulak-Uludag, Berna - 2011
dividend payers collected the distributed dividends back through rights issues. In some cases, the amount of rights issues … exceeded the distributed dividends. Hence, this resulted in negative dividend payments. This paper provides a solid empirical … basis to examine dividend-collecting firms and negative dividends. The findings of this paper show that dividend collectors …
Persistent link: https://www.econbiz.de/10013131617
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The Buyback Monitor – July 2010 : Corporate Stock Buyback Profits of 275 Firms 2000-2010
Gumport, M. A. - 2011
This report updates and expands earlier studies to look at the profitability of $349.7 billion of buybacks executed from 2000 through early 2010 by a sample of 275 corporations. The sample companies, drawn mainly from the technology sector, enjoy total equity market value today of $945.6...
Persistent link: https://www.econbiz.de/10013133330
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Study on Dividend Policy : Antecedent and its Impact on Share Price
Murhadi, Werner Ria - 2010
This research aims to test dividend signaling theory in an Indonesian capital market. Signaling theory states that dividend policy has information content that can influence to share price. Examination of theory of signaling is related to research phenomena in other countries indicating that by...
Persistent link: https://www.econbiz.de/10013137564
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Losses, Dividend Reductions, and Market Reaction Associated with Past Earnings and Dividends Patterns
Charitou, Andreas - 2010
less-established past earnings and dividends records. Our results can be explained by the following line of reasoning …
Persistent link: https://www.econbiz.de/10013139380