Effects Of Dividend Cuts On Stock Prices An Empirical Study
Download Effects Of Dividend Cuts On Stock Prices An Empirical Study full books in PDF, epub, and Kindle. Read online free Effects Of Dividend Cuts On Stock Prices An Empirical Study ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Banterng Tantivit |
Publisher | : |
Total Pages | : 134 |
Release | : 1970 |
Genre | : |
ISBN | : |
Download Effects of Dividend Cuts on Stock Prices; an Empirical Study Book in PDF, Epub and Kindle
Author | : Anthony J. E. Miskin |
Publisher | : |
Total Pages | : |
Release | : 1982 |
Genre | : |
ISBN | : |
Download The Impact of Dividend Cuts Upon Share Prices Book in PDF, Epub and Kindle
Author | : John Hill Shaw |
Publisher | : |
Total Pages | : 156 |
Release | : 1969 |
Genre | : |
ISBN | : |
Download An Empirical Analysis of the Effect of a Reduction in Dividends for a Steady Dividend Company on Stock Market Prices Book in PDF, Epub and Kindle
Author | : Mickey Myers Green |
Publisher | : |
Total Pages | : 84 |
Release | : 1964 |
Genre | : Corporations |
ISBN | : |
Download An Empirical Evaluation of the Effects of a Stable Dividend Policy on Common Stock Prices Book in PDF, Epub and Kindle
Author | : Bahman Chubak |
Publisher | : |
Total Pages | : 66 |
Release | : 1986 |
Genre | : Dividends |
ISBN | : |
Download Dividends and Stock Prices Book in PDF, Epub and Kindle
Author | : Thomas J. Chemmanur |
Publisher | : |
Total Pages | : 45 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download Communicating Private Information to the Equity Market Before a Dividend Cut Book in PDF, Epub and Kindle
This paper presents the first empirical analysis of the choice of firms regarding whether or not to release private information (“prepare the market”) in advance of a possible dividend cut, and the consequences of such market preparation. We use a hand-collected data set of dividend cutting firms that allows us to distinguish between prepared and non-prepared dividend cutters and test the implications of two alternative theories: the “signaling through market preparation” theory and the “stock return volatility reduction” theory. We document several important differences between prepared and non-prepared dividend cutters. Overall, our empirical results are consistent with the signaling theory.
Author | : Thomas J. Chemmanur |
Publisher | : |
Total Pages | : 51 |
Release | : 2017 |
Genre | : |
ISBN | : |
Download 'Preparing' the Equity Market for Adverse Corporate Events Book in PDF, Epub and Kindle
This paper presents the first theoretical analysis of the choice of firms between preparing and not preparing the equity market in advance of a possible dividend cut. In our model, a firm has assets in place that will generate an intermediate cash flow, and a growth opportunity. Firm insiders have private information about the intermediate cash flow as well as about the net present value of its growth opportunity. We characterize the firm's equilibrium choice between preparing and not preparing the market, as well as dividend-cut decision (subsequent to the realization of its intermediate cash flow). In equilibrium, firms in temporary financial difficulties but good long-term growth prospects are more likely to prepare the market in advance of dividend cuts, while those with permanently declining earnings are less likely to prepare the market. Our analysis generates several testable predictions, not only for the propensity of firms to prepare the market prior to dividend cuts, but also for the announcement effect (on the market preparation day, the dividend cut day, and the combined announcement effect over both days) as well as for the long-run operating, dividend payment, and stock return performance of prepared versus non-prepared dividend cutting firms.
Author | : Ahmed Mohamed Aweidat |
Publisher | : |
Total Pages | : 292 |
Release | : 1982 |
Genre | : Bonds |
ISBN | : |
Download The Effects of Dividend Changes on Bond Prices Book in PDF, Epub and Kindle
Abstract.
Author | : Christoph Schleicher |
Publisher | : |
Total Pages | : |
Release | : 2005 |
Genre | : |
ISBN | : |
Download Stock Market Reactions to Dividend Announcements Book in PDF, Epub and Kindle
This study investigates the effects of dividend announcements on stock prices and trading volume in the Austrian stock market. Abnormal returns are established as the difference between actual returns and expected returns generated by the Market Model. We use the model of expected dividends such that any change in the announced dividend-stream is unanticipated. Our results provide evidence that announced dividend changes bring new information to the market and that stock prices move in the same direction as dividends. In addition, we find that stock prices react rather quickly to the new information. We also report an increase in stock return volatility in the cases of announced constant dividends and dividend decreases, indicating a heterogeneous interpretation of the signal at the individual level. Finally we find that trading volume on average shows a significant increase around the announcement date, supporting the hypothesis that dividend changes in either direction induce investors to revise their portfolios.
Author | : Richard K. K. Hung |
Publisher | : |
Total Pages | : 188 |
Release | : 1979 |
Genre | : |
ISBN | : |
Download Dividends, Earnings, and Stock Prices Book in PDF, Epub and Kindle