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The Information Content Of Dividend Changes

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  • J. Randall Woolridge

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  • J. Randall Woolridge, 1982. "The Information Content Of Dividend Changes," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 5(3), pages 237-247, September.
    • Handle: RePEc:bla:jfnres:v:5:y:1982:i:3:p:237-247
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1982.tb00298.x
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    References listed on IDEAS

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    1. Pettit, R Richardson, 1976. "The Impact of Dividend and Earnings Announcements: A Reconciliation," The Journal of Business, University of Chicago Press, vol. 49(1), pages 86-96, January.
    2. Brown, Stephen J. & Warner, Jerold B., 1980. "Measuring security price performance," Journal of Financial Economics, Elsevier, vol. 8(3), pages 205-258, September.
    3. Charest, Guy, 1978. "Dividend information, stock returns and market efficiency-II," Journal of Financial Economics, Elsevier, vol. 6(2-3), pages 297-330.
    4. Pettit, R Richardson, 1972. "Dividend Announcements, Security Performance, and Capital Market Efficiency," Journal of Finance, American Finance Association, vol. 27(5), pages 993-1007, December.
    5. 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.
    6. Watts, Ross, 1973. "The Information Content of Dividends," The Journal of Business, University of Chicago Press, vol. 46(2), pages 191-211, April.
    7. Gonedes, Nj, 1978. "Corporate Signaling, External Accounting, And Capital-Market Equilibrium - Evidence On Dividends, Income, And Extraordinary Items," Journal of Accounting Research, Wiley Blackwell, vol. 16(1), pages 26-79.
    8. Griffin, Paul A, 1976. "Competitive Information in the Stock Market: An Empirical Study of Earnings, Dividends and Analysts' Forecasts," Journal of Finance, American Finance Association, vol. 31(2), pages 631-650, May.
    9. Laub, P Michael, 1976. "On the Informational Content of Dividends," The Journal of Business, University of Chicago Press, vol. 49(1), pages 73-80, January.
    10. Watts, Ross L, 1976. "Comments on "The Impact of Dividend and Earnings Announcements: A Reconciliation."," The Journal of Business, University of Chicago Press, vol. 49(1), pages 97-106, January.
    11. Ang, James S, 1975. "Dividend Policy: Informational Content or Partial Adjustment?," The Review of Economics and Statistics, MIT Press, vol. 57(1), pages 65-70, February.
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    Citations

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    Cited by:

    1. Fuller, Kathleen P., 2003. "The impact of informed trading on dividend signaling: a theoretical and empirical examination," Journal of Corporate Finance, Elsevier, vol. 9(4), pages 385-407, September.
    2. 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.
    3. Gary A. Benesh & Arthur J. Keown & John M. Pinkerton, 1984. "An Examination Of Market Reaction To Substantial Shifts In Dividend Policy," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 7(2), pages 131-142, June.
    4. 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.
    5. Paul Tanyi & David B. Smith & Xiaoyan Cheng, 2021. "Does firm payout policy affect shareholders’ dissatisfaction with directors?," Review of Quantitative Finance and Accounting, Springer, vol. 57(1), pages 279-320, July.
    6. Warwick Anderson, 2013. "The Role of mid-year dividends as predictors of yearly earnings," Working Papers in Economics 13/01, University of Canterbury, Department of Economics and Finance.
    7. 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.
    8. Chris M. Lawrey & Kathleen P. Fuller & Brandon C. L. Morris, 2020. "Paying dividends: Cash or credit?," Journal of Asset Management, Palgrave Macmillan, vol. 21(6), pages 513-523, October.
    9. J. Randall Woolridge, 1983. "Stock Dividends As Signals," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 6(1), pages 1-12, March.
    10. Warwick Anderson & Wen Kang, 2018. "The Relative Announcement Effects of Ordinary Dividends, Special Dividends and Share Buybacks in New Zealand," Working Papers in Economics 18/02, University of Canterbury, Department of Economics and Finance.
    11. Bozos, Konstantinos & Nikolopoulos, Konstantinos & Ramgandhi, Ghanamaruthy, 2011. "Dividend signaling under economic adversity: Evidence from the London Stock Exchange," International Review of Financial Analysis, Elsevier, vol. 20(5), pages 364-374.
    12. Dasilas, Apostolos & Leventis, Stergios, 2011. "Stock market reaction to dividend announcements: Evidence from the Greek stock market," International Review of Economics & Finance, Elsevier, vol. 20(2), pages 302-311, April.
    13. Naheed Rabbani, 2017. "The Announcement Effect of Cash Dividend Changes on Share Prices: Evidence from Dhaka Stock Exchange," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 20(04), pages 1-19, December.
    14. Eyup Kadioglu & Nurcan Ocal, 2016. "Dividend Changes and Future Profitability: Evidence from the Turkish Stock Market," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 196-205, March.
    15. Sabur Mollah, 2007. "Price Reaction To Dividend Initiations And Omissions In Emerging Market: Evidence From Pre And Post Market Crisis In Bangladesh," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 1(2), pages 51-68.

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