Matches in SemOpenAlex for { <https://semopenalex.org/work/W1501788963> ?p ?o ?g. }
Showing items 1 to 54 of
54
with 100 items per page.
- W1501788963 abstract "If investors perceive dividend changes as providing signals about specific firms’ future prospects, it can be argued that the magnitude of stock price reactions to dividend change announcements will vary with the relative importance of the firms’ specific information in their return dynamics. We find that price reactions to dividend announcements are significantly stronger for stocks with lower levels of R2. This finding is more pronounced and more robust for dividend increase announcements. In terms of the real signal about earning prospects, we show that current year dividend changes are more correlated to future earnings among stocks with lower levels of R2. In this case the relationship is stronger for dividend decrease announcements and sensitive to firm size. Taken together, our results support the traditional view that dividend announcements signal information about firms’ prospect to the stock market. At the same time we highlight the complexity of such dynamics, especially the discrepancy between investors’ expectation and the real signal conveyed by the firms about their future prospects. Our empirical framework can be generalized to apply to other signalling effects in literature." @default.
- W1501788963 created "2016-06-24" @default.
- W1501788963 creator A5000056020 @default.
- W1501788963 creator A5062371304 @default.
- W1501788963 creator A5073139296 @default.
- W1501788963 date "2010-01-01" @default.
- W1501788963 modified "2023-09-23" @default.
- W1501788963 title "R² Dividend Signalling, and Earning Prospects" @default.
- W1501788963 cites W1663741436 @default.
- W1501788963 cites W1929739037 @default.
- W1501788963 cites W1974675048 @default.
- W1501788963 cites W2150925457 @default.
- W1501788963 cites W2223768511 @default.
- W1501788963 cites W3122502545 @default.
- W1501788963 cites W3123339510 @default.
- W1501788963 cites W3123921879 @default.
- W1501788963 doi "https://doi.org/10.2139/ssrn.1543004" @default.
- W1501788963 hasPublicationYear "2010" @default.
- W1501788963 type Work @default.
- W1501788963 sameAs 1501788963 @default.
- W1501788963 citedByCount "0" @default.
- W1501788963 crossrefType "journal-article" @default.
- W1501788963 hasAuthorship W1501788963A5000056020 @default.
- W1501788963 hasAuthorship W1501788963A5062371304 @default.
- W1501788963 hasAuthorship W1501788963A5073139296 @default.
- W1501788963 hasConcept C10138342 @default.
- W1501788963 hasConcept C116168712 @default.
- W1501788963 hasConcept C144133560 @default.
- W1501788963 hasConcept C144237770 @default.
- W1501788963 hasConcept C162324750 @default.
- W1501788963 hasConcept C39743133 @default.
- W1501788963 hasConceptScore W1501788963C10138342 @default.
- W1501788963 hasConceptScore W1501788963C116168712 @default.
- W1501788963 hasConceptScore W1501788963C144133560 @default.
- W1501788963 hasConceptScore W1501788963C144237770 @default.
- W1501788963 hasConceptScore W1501788963C162324750 @default.
- W1501788963 hasConceptScore W1501788963C39743133 @default.
- W1501788963 hasLocation W15017889631 @default.
- W1501788963 hasOpenAccess W1501788963 @default.
- W1501788963 hasPrimaryLocation W15017889631 @default.
- W1501788963 hasRelatedWork W1496499910 @default.
- W1501788963 hasRelatedWork W1554957447 @default.
- W1501788963 hasRelatedWork W2038251149 @default.
- W1501788963 hasRelatedWork W2100228009 @default.
- W1501788963 hasRelatedWork W2164937723 @default.
- W1501788963 hasRelatedWork W2198467236 @default.
- W1501788963 hasRelatedWork W2789238344 @default.
- W1501788963 hasRelatedWork W2892085198 @default.
- W1501788963 hasRelatedWork W3123233267 @default.
- W1501788963 hasRelatedWork W3152119195 @default.
- W1501788963 isParatext "false" @default.
- W1501788963 isRetracted "false" @default.
- W1501788963 magId "1501788963" @default.
- W1501788963 workType "article" @default.