Is the Effect of Dividend Policy on the Volatility of Stock Prices Stable: An Empirical Study on European Countries?

Aktürk, Esen; Karan, Mehmet Baha; Pirgaip, Burak

doi:10.2139/ssrn.4003023

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The Information In Dividend Announcement1

Stock Price1

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2022

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Cited by 1 publication

(2 citation statements)

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“…Investors closely assess and monitor the dividend policy of firms as one of the top priority investment strategies [1]. Signaling models views the dividend pay-out policy as a signal of future earnings [23].…”

Section: The Information In Dividend Announcementmentioning

confidence: 99%

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Stock Price Behaviour around the Announcement Date of Cash Dividend on the Indonesia Stock Exchange

Mujilan

2022

jak

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This study aims to explain the stock prices behavior around the announcement date of cash dividends. The study compares the stock prices a week before the cumulative date, cumulative date, record date, a week after the record date, and two weeks after the record date. The stock prices are also compared to the cash dividends nominals in 2017 and cash dividends in 2018. The researcher obtains the research data from LQ45 companies in 2018. The data is tested using the Wilcoxon Signed-Ranks Test. The results show that the date of announcement and recording of dividends do not have an impact on the increase in stock prices, but the result shows a decline in stock prices. The results of this study imply that the announcement of cash dividends does not trigger stock buying action around the announcement date for the companies who distribute cash dividends.

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Section: The Information In Dividend Announcementmentioning

confidence: 99%

“…Dividend policy is one of the factors for market volatility, explaining the variation in stock prices [1]. In emerging markets such as Indonesia, stock price movements fluctuate relatively high, this includes around the time of the dividend distribution announcement [20].…”

Section: Stock Pricementioning

confidence: 99%

Stock Price Behaviour around the Announcement Date of Cash Dividend on the Indonesia Stock Exchange

Mujilan

2022

jak

View full text Add to dashboard Cite

show abstract

Is the Effect of Dividend Policy on the Volatility of Stock Prices Stable: An Empirical Study on European Countries?

Cited by 1 publication

References 23 publications

Stock Price Behaviour around the Announcement Date of Cash Dividend on the Indonesia Stock Exchange

Stock Price Behaviour around the Announcement Date of Cash Dividend on the Indonesia Stock Exchange

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