Back to results
University of Illinois at Urbana-Champaign
Market Reactions to Dividend Announcements: Temporary or Temporal (Risk Stability, Signalling, Beta)
Abstract
dc:descriptionThis study examines the possibility that the market changes its assessment of a firm's systematic risk as a result of the dividend signal. When the signal is given, the market perceives the firm's revised expected cash flows. The newly revealed incremental cash flows may interact with the old cash flows so as to effect changes in systematic risk. Mechanisms are examined whereby the market may assess not only the magnitude of the expected future cash flows but also their incremental interaction with the old cash flows and thereby effect changes in risk.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Finance
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2014
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Carroll, Carolyn
Subjects
dc:subject × 1Identifiers
dc:identifier.*- Identifier
- (UMI)AAI8521734
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/71517