Corporate Financial Policy, Information, and Market Expectations: An Empirical Investigation of Dividends

The Journal of Finance

Volumn 42, Issue 4, 1987, Pages 889-911

  OFER, AHARON R ^a   SIEGEL, DANIEL R ^a  

^a NONE

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EID: 84977735445     PISSN: 00221082     EISSN: 15406261     Source Type: Journal    
DOI: 10.1111/j.1540-6261.1987.tb03918.x     Document Type: Article

References (40)

1. “Quarterly Dividend and Earnings Announcements, and Stockholders' Returns: An Empirical Analysis.”
2. “The Impact of Initiating Dividend Payments on Shareholders' Wealth.”
3. “Imperfect Information, Dividend Policy and the ‘Bird in the Hand’ Fallacy.”
4. “Nondissipative Signaling Structures and Dividend Policy.”
5. “Shareholder Wealth, Information Signaling and the Specially Designated Dividend: An Empirical Study.”
6. “The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings.”
7. “Dividend Information, Stock Returns and Market Efficiency‐II.”
8. “On Dividends as a Signal of Firm Value.”
9. “Market Rationality and Dividend Announcements.”
10. “Professional Expectations: Accuracy and Diagnosis of Errors.”
11. “The Adjustment of Stock Prices to New Information.”
12. “Financial Analysts' Forecasts of Earnings: A Better Surrogate for Earnings Expectations.”
13. “Corporate Signaling, External Accounting, and Capital Market Equilibrium: Evidence on Dividends, Income and Extraordinary Items.”
14. “The Valuation Effects of Stock Splits and Stock Dividends.”
15. “Wealth Distributions of Changes in Firm Value: An Analysis of Returns to the Bondholders and to the Stockholders around Dividend Announcements.”
16. “A Sequential Signalling Model of Convertible Debt Call Policy.”
17. “A Heteroscedasticity‐Consistent Covariance Matrix Estimator for Time Series Regressions.”
18. “External Financing and Liquidity.”
19. “Dividends, Dilution, and Taxes: A Signalling Equilibrium.”
20. “Earnings and Dividend Announcements: Is There a Corroboration Effect?”
21. “On the Informational Content of Dividends.”
22. “Information Asymmetries, Financial Structure and Financial Intermediaries.”
23. “The Effects of Capital Structure Change on Security Prices.”
24. “Convertible Calls and Security Returns.”
25. “Dividend Policy under Asymmetric Information.”
26. “The Determinants of Corporate Borrowing.”
27. “Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have.”
28. “Convertible Call Policies: An Empirical Analysis of An Information Signalling Hypothesis”
29. “A Theory of Stock Price Responses to Alternative Corporate Cash Disbursement Methods: Stock Repurchases and Dividends.”
30. “Dividend Announcements, Security Performance, and Capital Market Efficiency.”
31. “The Impact of Dividends and Earnings Announcements: A Reconciliation.”
32. “The Determination of Financial Structure: The Incentive‐Signalling Approach.”
33. “Common Stock Repurchases and Market Signaling.”
34. “The Information Content of Dividends.”
35. “A Heteroskedasticity‐Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity.”