econometric methods to control for differences between dividend paying and non-dividend paying firms, we show weaker price and … volume reactions to earnings announcements (EAs) for payers, consistent with investors using dividend information as a … (higher) for dividend payers relative to non-payers, consistent with managers responding to the decreased attention to …

. Consistent with dividends substituting for earnings information, we find that dividend paying firms have 11%–15% lower earnings … response coefficients (ERCs) than non-payers. We find more substitution when the dividend provides a stronger signal of … permanent earnings: when the firm is less likely to cut the dividend, when the firm is likely to fund the dividend out of …

market overreaction, dividend policy, firm size and the January effect as independent variables and price reversal as the … effect have an effect on signs of price reversal. And dividend policy has no significant influence. For the group of loser … stocks, market overreaction, dividend policy, firm size and January effect affect both simultaneously and partially on price …

This study uses Hines' (1996) dividend process model to test the effect of domestic versus foreign profitability shocks … on firms' dividend payout policy. Investigating an international sample of 283 companies from Continental Europe … from emerging markets are more difficult to integrate into stable dividend policies …

This study examined the Modeling Correlation between Shareholders Dividend and Corporate Performance in Nigeria. The … there is no significant correlation between shareholders dividend payout and the explanatory variables in the model. This … results taken as a whole indicates that banks pay dividend in Nigeria with the intention of reducing the agency conflict and …

strong evidence that dividend paying firms have more persistent earnings than non-dividend paying firms. Firms that pay … levels of franking identifying more mature firms, fully franked dividend paying firms have significantly less persistent … and controlling for dividend size and firm age …

affected the cash dividend payout policies of firms, especially of those issuing restricted stocks. This research examines the … size of cash dividend payments are not the same. Firm's life cycle and degree of leverage had a statistically significant … employees had a statistically significant influence on the amount of cash dividend payments …

This paper investigates the information content (signalling) of dividend announcements by firms listed on the Karachi … dividend signal with a capital gains tax effect since a capital gains tax was introduced in Pakistan from 2010 onward. The … findings show that no significant unexpected returns can be earned on the announcement date by trading on dividend news in …

dividend pay-out ratio tends to increase over time, indicating that dividend policies do matter in the KSE and that dividends …

We examine the economic benefits of paying dividends. We find that dividend payments mitigate stock price crash risk …. In addition, we show that dividend payments reduce bad news hoarding (overinvestment) while bad news hoarding … enhancing earnings quality (e.g., Skinner and Soltes, 2011) by adding that dividend payments generate economic benefits in the …