“…Figure 4 presents the title word cloud for 102 articles published during 2002–2022 on emerging and developed markets. These articles revolve around examining the “announcement effects” (Rabbani, 2017) and “market response” or “market reaction” (McCluskey et al , 2006; Muradoğlu and Aydoğan, 2003; Tsai and Wu, 2015) to “information content” (Chen et al , 2002), “dividend announcements” “interim dividend announcements” (Nadig, 2017a), “dividend omission” (Caton et al , 2003), “dividend change” (Khokhar and Sarkar, 2020; Rabbani, 2017), “dividend initiation” (Dasilas et al , 2009; Q. E. Wang, 2020) on “stock market” “share price” “stock return” in “China” (Dong et al , 2019; Yin and Nie, 2021), “India” (Anwar et al , 2016b; Kumar, 2017; Nadig, 2017a), “Nigeria” (Campbell and Ohuocha, 2011; Ozo and Arun, 2019), “Russia” (Berezinets et al , 2017, 2019), “Malaysia” (How and Tsen, 2019; Sulong and Yazid, 2012), “Taiwan” (Chen et al , 2014). The orientation of articles during 2002–2022 is on emerging markets.…”