Items related to Earnings Information Conveyed by Dividend Initiations...
Synopsis
Excerpt from Earnings Information Conveyed by Dividend Initiations and Omissions
Together, the above three findings indicate that the information conveyed by dividend initiations and omissions is related to earnings changes in the year of and one year subsequent to the announcement of these dividend policy changes. This evidence is consistent with the dividend information hypothesis. The results are also consistent with l.intner's description that in making dividend policy decisions managers consider past, current and future earnings. Investors therefore interpret dividend initiations and omissions as changes in managements'
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- PublisherForgotten Books
- Publication date2024
- ISBN 10 1334349290
- ISBN 13 9781334349294
- BindingPaperback
- Number of pages54
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Earnings Information Conveyed by Dividend Initiations and Omissions (Classic Reprint)
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334349294
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Earnings Information Conveyed by Dividend Initiations and Omissions
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book examines the significance of dividends in conveying corporate earnings information to investors. The author analyzes dividend initiation and omission announcements, demonstrating that these decisions are preceded and followed by significant changes in firms' earnings performance. Earnings increases prior to dividend initiations and decreases before omissions suggest that managers consider past and future earnings when setting dividend policy. The study also finds that the market interprets these announcements as forecasts of future earnings, with abnormal stock price reactions correlating with subsequent earnings changes. Moreover, the market's response to earnings announcements is muted following dividend policy changes, indicating that these announcements effectively convey earnings information to investors. The book contributes to our understanding of dividend policy and its role in corporate financial communication, providing valuable insights for investors, analysts, and corporate managers. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781334349294_0
Quantity: Over 20 available