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An Empirical Examination Of The Existence Of A Signaling Value Function For Dividends

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  • Herman Manakyan
  • Carolyn Carroll

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  • Herman Manakyan & Carolyn Carroll, 1990. "An Empirical Examination Of The Existence Of A Signaling Value Function For Dividends," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 13(3), pages 201-210, September.
    • Handle: RePEc:bla:jfnres:v:13:y:1990:i:3:p:201-210
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1990.tb00550.x
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    References listed on IDEAS

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    1. Brickley, James A., 1983. "Shareholder wealth, information signaling and the specially designated dividend : An empirical study," Journal of Financial Economics, Elsevier, vol. 12(2), pages 187-209, August.
    2. Miller, Merton H & Rock, Kevin, 1985. "Dividend Policy under Asymmetric Information," Journal of Finance, American Finance Association, vol. 40(4), pages 1031-1051, September.
    3. Granger, C W J, 1969. "Investigating Causal Relations by Econometric Models and Cross-Spectral Methods," Econometrica, Econometric Society, vol. 37(3), pages 424-438, July.
    4. Healy, Paul M. & Palepu, Krishna G., 1988. "Earnings information conveyed by dividend initiations and omissions," Journal of Financial Economics, Elsevier, vol. 21(2), pages 149-175, September.
    5. Chinmoy Ghosh & J. Randall Woolridge, 1988. "An Analysis Of Shareholder Reaction To Dividend Cuts And Omissions," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(4), pages 281-294, December.
    6. Albert Eddy & Bruce Seifert, 1988. "Firm Size And Dividend Announcements," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(4), pages 295-302, December.
    7. Donald H. Fehrs & Gary A. Benesh & David R. Peterson, 1988. "Evidence Of A Relation Between Stock Price Reactions Around Cash Dividend Changes And Yields," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 11(2), pages 111-123, June.
    8. Brown, Lawrence D & Rozeff, Michael S, 1978. "The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings," Journal of Finance, American Finance Association, vol. 33(1), pages 1-16, March.
    9. Woolridge, J Randall, 1983. "Dividend Changes and Security Prices," Journal of Finance, American Finance Association, vol. 38(5), pages 1607-1615, December.
    10. Ofer, Aharon R & Siegel, Daniel R, 1987. "Corporate Financial Policy, Information, and Market Expectations: An Empirical Investigation of Dividends," Journal of Finance, American Finance Association, vol. 42(4), pages 889-911, September.
    11. Divecha, Arjun & Morse, Dale, 1983. "Market Responses to Dividend Increases and Changes in Payout Ratios," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 18(2), pages 163-173, June.
    12. John, Kose & Williams, Joseph, 1985. "Dividends, Dilution, and Taxes: A Signalling Equilibrium," Journal of Finance, American Finance Association, vol. 40(4), pages 1053-1070, September.
    13. Aharony, Joseph & Swary, Itzhak, 1980. "Qtrly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis," Journal of Finance, American Finance Association, vol. 35(1), pages 1-12, March.
    14. Kane, Alex & Lee, Young Ki & Marcus, Alan, 1984. "Earnings and Dividend Announcements: Is There a Corroboration Effect?," Journal of Finance, American Finance Association, vol. 39(4), pages 1091-1099, September.
    15. Bar-Yosef, Sasson & Huffman, Lucy, 1986. "The Information Content of Dividends: A Signalling Approach," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 21(1), pages 47-58, March.
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    Cited by:

    1. Seifert, Bruce, 1997. "Earnings and dividend changes: An international study," Journal of Multinational Financial Management, Elsevier, vol. 7(1), pages 71-81, April.
    2. Frankfurter, George M. & Wood, Bob Jr., 2002. "Dividend policy theories and their empirical tests," International Review of Financial Analysis, Elsevier, vol. 11(2), pages 111-138.
    3. Roger M. Shelor & Dennis T. Officer, 1994. "The Impact For Stockholders When Regulated Firms Revise Dividend Policy," Review of Financial Economics, John Wiley & Sons, vol. 3(2), pages 121-129, March.

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