Do Investors respond to divident changes correctly?

• Main Authors: Goh, Hui Hui., Goh, Lye Heng., Tan, Teck Leng.
• Other Authors: Bachmann, Ralph
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Dividends
• Online Access: http://hdl.handle.net/10356/9802
• Institution: Nanyang Technological University

This study examines the accuracy of market reactions following announcements of dividend changes by companies in the S&P 500 as of 17 September 2004. Our study found that the market reacts accurately to the information conveyed by dividend initiations and large increases, but not for dividend om...