Do Investors respond to divident changes correctly?
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...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/9802 |
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| Institution: | Nanyang Technological University |
| Summary: | 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 omissions and large cuts. |
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