Marmara Üniversitesi Açık Arşiv Sistemi

Inverse market reaction to dividend changes in the european context

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dc.contributor.author VIEIRA, Elisabete S.
dc.date.accessioned 2016-12-12T07:16:55Z
dc.date.available 2016-12-12T07:16:55Z
dc.date.issued 2014
dc.identifier.uri http://hdl.handle.net/11424/4828
dc.description.abstract This study tries to understand why the market sometimes reacts negatively/positively to dividend increases/decreases, showing an inverse market reaction to dividend change announcements; using samples from three European markets (Portuguese, French and British). The results are different across these three countries. Data from a small country, Portugal, suggests that the inverse market reaction to dividend change announcements takes place because the market does not understand the signal given by firms through dividend-change announcements. For the UK market, the results have some success in explaining the inverse signalling effects. Finally, the results suggest that in the UK investors can better predict future earnings based on dividends than in Portugal or France. en_US
dc.language.iso eng en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.subject Cash Dividends, Signalling Hypothesis, Inverse Market Reaction en_US
dc.title Inverse market reaction to dividend changes in the european context en_US
dc.type article en_US
dc.relation.journal Avrupa Araştırmaları Dergisi en_US
dc.identifier.volume 22 en_US
dc.identifier.issue 1 en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 30 en_US


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