Investor Reactions to Dividend Announcements of Companies Listed on the Warsaw Stock Exchange

Czapiewski, Leszek; Kubiak, Jarosław

doi:10.1007/978-3-319-72862-9_1

Cited by 1 publication

(1 citation statement)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…On the other hand, dividend payout has been seen as a powerful signalling factor under the signalling hypothesis, and this has been demonstrated in several empirical studies (Brickley, 1983;Czapiewski and Kubiak, 2018). However, it was noticed through the interviews that most of the interviewees disagreed with this principle.…”

Section: Summary Of Findingsmentioning

confidence: 95%

Dividend Policy and payout practices in Malaysia: A qualitative analysis

Omar¹

2019

jafas

View full text Add to dashboard Cite

Since stock prices reflect the firm's future earnings potentials (Miller and Rock, 1985), dividends announcements therefore convey new information to the market about the future prospects of the corporation. As such, the objective of the current study is t potential role that dividend payouts play in influencing the fund managers and investors in recommending or selecting a stock, and for various stocks' performance assessment. In addition, the study attempts to examine the possible effect of taxation on dividends payout. The study uses qualitative methods in form of semi structured interviews conducted with six Malaysian investment managers. The findings revealed that dividend payouts are not solely used as a basis for stock recommendation and assessment of companies' performance by fund managers in Malaysia. Furthermore, taxation was found to be significant in determining dividend payouts by companies in Malaysia. These findings have great contributions to the dividend policy theory, as well as to the practitioners and policy makers that are discussed in details at the end of the paper.

show abstract

Section: Summary Of Findingsmentioning

confidence: 95%

Dividend Policy and payout practices in Malaysia: A qualitative analysis

Omar¹

2019

jafas

View full text Add to dashboard Cite

show abstract

Investor Reactions to Dividend Announcements of Companies Listed on the Warsaw Stock Exchange

Cited by 1 publication

References 9 publications

Dividend Policy and payout practices in Malaysia: A qualitative analysis

Dividend Policy and payout practices in Malaysia: A qualitative analysis

Contact Info

Product

Resources

About