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University of Illinois at Urbana-Champaign
A Re-Examination of the Market's Reaction to Quarterly Dividend Change Announcement
Abstract
dc:descriptionThe results indicate that the market distinguishes between the following dividend changes: (1) dividend increases that convey favorable information about the firm's future profitability, (2) dividend increases that convey unfavorable information about the firm's future profitability, (3) dividend decreases that convey favorable information about the firm's future profitability, (4) dividend decreases that convey unfavorable information about the firm's future profitability. The results also indicate that market's classification for these dividend changes depends mainly on the size of the firm and the price-to-book ratio at the time of the dividend change announcement.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Accountancy
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2015
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Ibrahim, Adel Nematallah Naguib
- Contributors dc:contributor
-
- Sougiannis, Theodore
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (MiAaPQ)AAI3070332
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/87152