메뉴 건너뛰기




Volumn 57, Issue 2, 2002, Pages 871-900

The long-run performance following dividend initiations and resumptions: Underreaction or product of chance?

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0042170110     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6261.00445     Document Type: Article
Times cited : (96)

References (29)
  • 1
    • 21144460038 scopus 로고
    • The post-merger performance of acquiring firms: A reexamination of an anomaly
    • Agrawal, Anup, Jeffrey Jaffe, and Gershon Mandelker, 1992, The post-merger performance of acquiring firms: A reexamination of an anomaly, Journal of Finance 47, 1605-1621.
    • (1992) Journal of Finance , vol.47 , pp. 1605-1621
    • Agrawal, A.1    Jaffe, J.2    Mandelker, G.3
  • 2
    • 0031097135 scopus 로고    scopus 로고
    • Detecting long-run abnormal stock returns: The empirical power and specifications of test statistics
    • Barber, Brad, and John Lyon, 1997, Detecting long-run abnormal stock returns: The empirical power and specifications of test statistics, Journal of Financial Economics 43, 341-372.
    • (1997) Journal of Financial Economics , vol.43 , pp. 341-372
    • Barber, B.1    Lyon, J.2
  • 4
    • 0034179209 scopus 로고    scopus 로고
    • Is the abnormal return following equity issuances anomalous?
    • Brav, Alon, Christopher Geczy, and Paul Gompers, 2000, Is the abnormal return following equity issuances anomalous? Journal of Financial Economics 56, 209-249.
    • (2000) Journal of Financial Economics , vol.56 , pp. 209-249
    • Brav, A.1    Geczy, C.2    Gompers, P.3
  • 5
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • Brown, Stephen, and Jerold Warner, 1985, Using daily stock returns: The case of event studies, Journal of Financial Economics 14, 3-31.
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.1    Warner, J.2
  • 7
    • 8744258405 scopus 로고    scopus 로고
    • A theory of overconfidence, self-attribution, and market under- and over-reactions
    • Daniel, Kent, David Hirshleifer, and Avanidhar Subrahmanyam, 1998, A theory of overconfidence, self-attribution, and market under- and over-reactions, Journal of Finance 53, 1839-1885.
    • (1998) Journal of Finance , vol.53 , pp. 1839-1885
    • Daniel, K.1    Hirshleifer, D.2    Subrahmanyam, A.3
  • 8
    • 84993661272 scopus 로고
    • The long-run negative drift of post-listing stock returns
    • Dharan, Bala, and David Ikenberry, 1995, The long-run negative drift of post-listing stock returns, Journal of Finance 50, 1547-1574.
    • (1995) Journal of Finance , vol.50 , pp. 1547-1574
    • Dharan, B.1    Ikenberry, D.2
  • 9
    • 0034179271 scopus 로고    scopus 로고
    • Seasoned public offerings: Resolution of the "new issues puzzle"
    • Eckbo, B. Espen, Ronald Masulis, and Oyvind Norli, 2000, Seasoned public offerings: Resolution of the "new issues puzzle," Journal of Financial Economics 56, 251-291.
    • (2000) Journal of Financial Economics , vol.56 , pp. 251-291
    • Eckbo, B.E.1    Masulis, R.2    Norli, O.3
  • 11
    • 0346207692 scopus 로고    scopus 로고
    • Market efficiency, long-term returns, and behavioral finance
    • Fama, Eugene, 1998, Market efficiency, long-term returns, and behavioral finance, Journal of Financial Economics 49, 283-306.
    • (1998) Journal of Financial Economics , vol.49 , pp. 283-306
    • Fama, E.1
  • 12
    • 38549147867 scopus 로고
    • Common risk factors in returns on stocks and bonds
    • Fama, Eugene, and Kenneth French, 1993, Common risk factors in returns on stocks and bonds, Journal of Financial Economics 33, 3-56.
    • (1993) Journal of Financial Economics , vol.33 , pp. 3-56
    • Fama, E.1    French, K.2
  • 13
    • 0013413658 scopus 로고    scopus 로고
    • Multifactor explanations of asset pricing anomalies
    • Fama, Eugene, and Kenneth French, 1996, Multifactor explanations of asset pricing anomalies, Journal of Finance 51, 55-84.
    • (1996) Journal of Finance , vol.51 , pp. 55-84
    • Fama, E.1    French, K.2
  • 16
    • 0042621906 scopus 로고    scopus 로고
    • How investors interpret changes in corporate financial policy
    • Joel Stern and Donald Chew, eds.: Blackwell Publishers, Oxford
    • Healy, Paul, and Krishna Palepu, 1997, How investors interpret changes in corporate financial policy, in Joel Stern and Donald Chew, eds.: The Revolution in Corporate Finance (Blackwell Publishers, Oxford).
    • (1997) The Revolution in Corporate Finance
    • Healy, P.1    Palepu, K.2
  • 17
    • 0012166025 scopus 로고    scopus 로고
    • A unified theory of underreaction, momentum trading, and overreaction in asset markets
    • Hong, Harrison, and Jeremy Stein, 1999, A unified theory of underreaction, momentum trading, and overreaction in asset markets, Journal of Finance 54, 2143-2184.
    • (1999) Journal of Finance , vol.54 , pp. 2143-2184
    • Hong, H.1    Stein, J.2
  • 20
    • 0010734388 scopus 로고    scopus 로고
    • Price momentum and trading volume
    • Lee, Charles, and Bhaskaran Swaminathan, 2000, Price momentum and trading volume, Journal of Finance 55, 2017-2069.
    • (2000) Journal of Finance , vol.55 , pp. 2017-2069
    • Lee, C.1    Swaminathan, B.2
  • 22
    • 0034148029 scopus 로고    scopus 로고
    • Uniformly least powerful tests of market efficiency
    • Loughran, Tim, and Jay Ritter, 2000, Uniformly least powerful tests of market efficiency, Journal of Financial Economics 55, 361-389.
    • (2000) Journal of Financial Economics , vol.55 , pp. 361-389
    • Loughran, T.1    Ritter, J.2
  • 23
    • 0009885154 scopus 로고    scopus 로고
    • Improved methods for tests of long-run abnormal stock returns
    • Lyon, John, Brad Barber, and Chih-Ling Tsai, 1999, Improved methods for tests of long-run abnormal stock returns, Journal of Finance 54, 165-201.
    • (1999) Journal of Finance , vol.54 , pp. 165-201
    • Lyon, J.1    Barber, B.2    Tsai, C.-L.3
  • 24
    • 84993919451 scopus 로고
    • Price reactions to dividend initiations and omissions: Overreaction or drift?
    • Michaely, Roni, Richard Thaler, and Kent Womack, 1995, Price reactions to dividend initiations and omissions: Overreaction or drift?, Journal of Finance 50, 573-608.
    • (1995) Journal of Finance , vol.50 , pp. 573-608
    • Michaely, R.1    Thaler, R.2    Womack, K.3
  • 25
    • 0039372633 scopus 로고    scopus 로고
    • Managerial decisions and long-term stock price performance
    • Mitchell, Mark, and Erik Stafford, 2000, Managerial decisions and long-term stock price performance, Journal of Business 73, 287-329.
    • (2000) Journal of Business , vol.73 , pp. 287-329
    • Mitchell, M.1    Stafford, E.2
  • 26
    • 0346907827 scopus 로고    scopus 로고
    • Volume, volatility, price, and profit when all traders are above average
    • Odean, Terrance, 1998, Volume, volatility, price, and profit when all traders are above average, Journal of Finance 53, 1887-1934.
    • (1998) Journal of Finance , vol.53 , pp. 1887-1934
    • Odean, T.1
  • 27
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter, Jay, 1991, The long-run performance of initial public offerings, Journal of Finance 46, 3-27.
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.1
  • 28
    • 0001774993 scopus 로고    scopus 로고
    • The long-run performance of stock returns following debt offerings
    • Spiess, D. Katherine, and John Affleck-Graves, 1999, The long-run performance of stock returns following debt offerings, Journal of Financial Economics 54, 45-73.
    • (1999) Journal of Financial Economics , vol.54 , pp. 45-73
    • Spiess, D.K.1    Affleck-Graves, J.2
  • 29
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, Halbert, 1980, A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica 48, 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.