An Empirical Analysis Of The Effect Of A Reduction In Dividends For A Steady Dividend Company On Stock Market Prices PDF Download
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Author | : John Hill Shaw |
Publisher | : |
Total Pages | : 156 |
Release | : 1969 |
Genre | : |
ISBN | : |
Download An Empirical Analysis of the Effect of a Reduction in Dividends for a Steady Dividend Company on Stock Market Prices Book in PDF, ePub and Kindle
Author | : Thomas Herdieckerhoff |
Publisher | : GRIN Verlag |
Total Pages | : 18 |
Release | : 2015-03-25 |
Genre | : Business & Economics |
ISBN | : 3656928606 |
Download The Effect of a Dividend Payment on the Stock Price Book in PDF, ePub and Kindle
Essay from the year 2013 in the subject Business economics - Investment and Finance, grade: 100%, , language: English, abstract: This paper is an introduction to the effects that dividend payments have on the stock price and a discussion of various opinions about payment effects. One fundamental framework in this field of study has been the “dividend irrelevance theorem” by Modigliani and Miller (1961) that was published in the journal of business as a part of their analysis of “Dividend Policy, Growth, and the Valuation of Shares”. With a set of given assumptions they arrive at the conclusion that the dividend policy is irrelevant. As the second source I consult an article by the American stock exchange NASDAQ (2012) about the so-called “dividend capture strategy”, which I discuss skeptically. The third article I refer to interestingly holds the opposite of the NASDAQ article.
Author | : Mr.Charles Frederick Kramer |
Publisher | : International Monetary Fund |
Total Pages | : 24 |
Release | : 1996-08-01 |
Genre | : Business & Economics |
ISBN | : 1451951981 |
Download Stock-Market Equilibrium and the Dividend Yield Book in PDF, ePub and Kindle
Can fundamentals account for the recent performance of the U.S. stock market? The price/earnings ratio is out of line with historical averages, and the dividend/price ratio has recently reached a historic low. These developments and record levels of inflows into mutual funds have led some to conclude that stock prices are above their fundamental levels. This paper assesses the recent rise in the stock market using a model for the equilibrium dividend/price ratio. While economic variables can account for most of the recent fall in the dividend/price ratio, mutual-fund inflows still have some marginal explanatory power.
Author | : Byson Majanga |
Publisher | : |
Total Pages | : 7 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download The Dividend Effect on Stock Price-An Empirical Analysis of Malawi Listed Companies Book in PDF, ePub and Kindle
The estimation of a firm's stock price has been a subject of debate considering the various factors that cause its increase or decrease. Chief among the outstanding factors touted by most scholars is the amount of dividends declared by the firm to its stockholders. This paper aims at establishing if there exists such a direct relationship between a firm's dividends and its stock price with particular emphasis on the Malawi stock exchange. The study analyses secondary data sets of thirteen local companies listed on the Malawi Stock Exchange for the period 2008 to 2014 inclusive. Using the correlation analysis stock price as an independent variable, and dividends, retention ratio, profit after tax, earnings per share and return on equity, as dependent variables, over the seven years, the study shows a strong positive association between stock price The study therefore establishes that on the Malawi Stock Exchange (MSE), there is a strong positive relationship between a firm's dividends and its stock price on the stock market. The study further finds that stock price is an outcome of a number of factors, dividends being one of them and having a very significant contribution. The findings in this study will help investors, both potential and existing; as well as managers of listed companies, who are the stewards, to understand and appreciate the impact of dividend declaration or absence of it, on the psychology of stockholders which later affects the respective company's stock price on the stock exchange.
Author | : David Kenneth Schlichting |
Publisher | : |
Total Pages | : 290 |
Release | : 1988 |
Genre | : |
ISBN | : |
Download An Empirical Analysis of the Impact of the Deficit Reduction Act of 1984 on Corporate Dividend Capture Activity Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 83 |
Release | : 2007 |
Genre | : Corporations |
ISBN | : 9781846632563 |
Download Payout Policy Book in PDF, ePub and Kindle
Dividend policy continues to be among the premier unsolved puzzles in finance. A number of theories have been advanced to explain dividend policy. This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
Author | : Mickey Myers Green |
Publisher | : |
Total Pages | : 84 |
Release | : 1964 |
Genre | : Corporations |
ISBN | : |
Download An Empirical Evaluation of the Effects of a Stable Dividend Policy on Common Stock Prices Book in PDF, ePub and Kindle
Author | : Dirk Sturz |
Publisher | : |
Total Pages | : 158 |
Release | : 2014-11 |
Genre | : |
ISBN | : 9783896736871 |
Download Stock Dividends in Germany Book in PDF, ePub and Kindle
Author | : George Handjinicolaou |
Publisher | : |
Total Pages | : |
Release | : 1986 |
Genre | : Bonds |
ISBN | : |
Download An Empirical Analysis of the Effect of Dividend Announcements on Security Prices Book in PDF, ePub and Kindle
Author | : James M. Poterba |
Publisher | : |
Total Pages | : 102 |
Release | : 1984 |
Genre | : Dividends |
ISBN | : |
Download The Economic Effects of Dividend Taxation Book in PDF, ePub and Kindle
This paper tests several competing hypotheses about the economic effects of dividend taxation. It employs British data on security returns, dividend payout rates, and corporate investment, because unlike the United States, Britain has experienced several major dividend tax reforms in the last three decades. These tax changes provide an ideal natural experiment for analyzing the effects of dividend taxes. We compare three different views of how dividend taxes affect decisions by firms and their shareholders. We reject the"tax capitalization" view that dividend taxes are non-distortionary lump sum taxes on the owners of corporate capital. We also reject the hypothes is that firms pay dividends because marginal investors are effectively untaxed. We find that the traditional view that dividend taxes constitute a "double-tax" on corporate capital income is most consistent with our empirical evidence. Our results suggest that dividend taxes reduce corporate investment and exacerbate distortions in the intersectoral and intertemporal allocation of capital