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Stock Versus Cash Dividends : Signaling or Catering
Twite, Garry J. - 2012
This paper examines why firms choose to pay stock dividends. Using a sample of listed Chinese firms, we find that younger, more profitable firms, with lower leverage, high levels of retained earnings, private ownership prior to listing and investing more in fixed assets are more likely to pay...
Persistent link: https://www.econbiz.de/10013115082
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What Do Dividend Reductions Signal?
Jensen, Gerald R. - 2011
Dividend reductions have long been considered a "last resort" action for firm managers. Managerial reluctance to reduce dividends emanates from the view that dividend drops signal managerial pessimism regarding future earnings. Contrary to expectations, studies show that earnings rebound...
Persistent link: https://www.econbiz.de/10013124701
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Share Price Reaction to Dividend Announcements : Empirical Evidence on the Signaling Model from the Oslo Stock Exchange
Capstaff, John - 2017
This study tests the signaling theory of dividends by investigating the stock price reaction to dividend announcements … from the U.S. and the U.K., and where the motivation to use dividends as a signaling mechanism appears to be stronger. The … announcements that are followed by permanent cash flow increases. This evidence provides modest support for the signaling theory of …
Persistent link: https://www.econbiz.de/10012971489
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Signaling Hypothesis and Size Anomaly in Indian Stock Market
Marisetty, Nagendra; Madasu, Pardhasaradhi - 2021
The dividend signaling hypothesis means that dividend change announcements send signals to the market about its … Switzer (2010). Finally, we concluded that the dividend signaling hypothesis and market capitalization or size effect anomaly …
Persistent link: https://www.econbiz.de/10013241057
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Investment as the Opportunity Cost of Dividend Signaling
Kaplan, Zachary - 2020
We provide evidence that firms with weak investment opportunities (those whose current earnings justify a greater valuation than firms with strong investment opportunities) signal their permanent earnings level through their dividends. In the cross-section, we show that both dividend levels and...
Persistent link: https://www.econbiz.de/10012849148
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Institutional shareholding and information content of dividend surprises : re-examining the dynamics in dividend-reappearance era
Amin, Abu S.; Dutta, Shantanu; Saadi, Samir; Vora, Premal P. - In: The journal of corporate finance : contracting, … 31 (2015), pp. 152-170
Persistent link: https://www.econbiz.de/10011289996
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Share price behaviour around dividend announcements in Pakistan
Khan, Naimat U.; Burton, Bruce G.; Power, David M. - In: Afro-Asian Journal of Finance and Accounting : AAJFA 6 (2016) 4, pp. 351-373
Persistent link: https://www.econbiz.de/10011719673
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Does dividend announcement generate market signal? : evidence from Pakistan
Chaudhary, Ghulam Mujtaba; Hashmi, Shujahat Haider; … - In: International journal of economics and financial issues … 6 (2016) 1, pp. 65-72
Persistent link: https://www.econbiz.de/10011694851
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Reactions of emerging stock markets to dividend announcements during economic growth : evidence from India and Russia
Berezinec, Irina V.; Bulatova, Liliia A.; Ilina, Julja; … - In: Eurasian economic review : a journal in applied … 9 (2019) 1, pp. 71-89
Persistent link: https://www.econbiz.de/10011994960
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Dividend Collectors and Negative Cash Dividends : Evidence from Istanbul Stock Exchange
Kirkulak-Uludag, Berna - 2011
This paper examines the dividend-collecting firms and negative dividend payers listed on Istanbul Stock Exchange (ISE) from 1991 through 2006. Turkey used to be a unique country in terms of 50% mandatory cash dividend payment application, and this policy pushed some firms to create other ways to...
Persistent link: https://www.econbiz.de/10013131617