Essays about: "dividend impact"

Showing result 6 - 10 of 39 essays containing the words dividend impact.

  1. 6. Share price reaction to dividend announcement; An event study on the Signaling Model from the Stockholm Stock Exchange

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : William Celsing; [2017]
    Keywords : Event study; Dividend announcement; Signaling theory; Efficient Market Hypothesis; Business and Economics;

    Abstract : This study examines the dividend announcement effect on the common stock price by a signaling hypothesis approach on the Stockholm Stock Exchange. The event study shows a positive significant cumulative average abnormal return (CAAR) of 1,54 % for positive dividend announcement in the analyst model. READ MORE

  2. 7. Investigating Short-Term Trading Returns Around The Ex Dividend Date: A Test for Market Efficiency

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Simon Edin; Gylian Korver; [2017]
    Keywords : Market Efficiency; Dividend Timing; Dividend Capturing; Abnormal Returns; Short-Term Trading; Business and Economics;

    Abstract : This study tests the efficiency of the Swedish and the Dutch stock markets by analyzing the performance of two dividend strategies – dividend capturing and dividend timing. To test these strategies and what factors influence them, the researchers collect a sample of 95 different firms, about half from each country and a total of over 8 000 dividend observation. READ MORE

  3. 8. The varying need for dividends : A comparative study of the impact of ownership concentration in Sweden and UK

    University essay from Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Author : Rebecca Koskinen; Åsa Lie; [2017]
    Keywords : Corporate governance; ownership concentration; dividend; agency theory; Nordic corporate governance model; Anglo-Saxon corporate governance model; convergence;

    Abstract : The increased integration of global markets continuously generates influences, challenging traditional corporate governance models. Ownership concentration is one of the most fundamental features of corporate governance, and is expected to determine shareholders’ ability to monitor the corporation's management to ensure that the company is run in the best interest of its financiers. READ MORE

  4. 9. Exploiting Market Reactions to Dividend Cuts : Contrarian Trading Strategies in a Short Investment Horizon - Evidence from the Swedish Stock Market

    University essay from Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Author : Jacob Magnusson Magnusson; N. E. Ludvig Karlsson; [2016]
    Keywords : Contrarian Trading Strategies; Dividend Announcements; Abnormal Returns; Event Study;

    Abstract : This paper investigates the impact of dividend reduction announcements on the returns to stocks listed on the Stockholm Stock Exchange. We perform an event study on dividend cutting firms between 2002-2016 to determine if contrarian trading on the basis of negative dividend announcement yields abnormal returns. READ MORE

  5. 10. To Have or Not to Have? The Impact of Financial Targets on the Cost of Capital

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Erika Madebrink; Linda Shi; [2016]
    Keywords : Equity cost of capital; Estimation risk; Financial targets; Liquidity risk; Voluntary information disclosure;

    Abstract : We study the effect of communicating long-term financial targets, but not the attainment of them, on the equity cost of capital. We examine the effect targets have on risk factors in an augmented Fama and French model, where illiquidity is added as a risk factor, and find that dividend, profitability and leverage targets decrease the cost of capital through the market risk premium and SMB risk factors. READ MORE