Please use this identifier to cite or link to this item:
https://ruomo.lib.uom.gr/handle/7000/316
Title: | Joint effects of interim dividend and earnings announcements in Greece |
Authors: | Dasilas, Apostolos Lyroudi, Katerina Ginoglou, Demetrios |
Type: | Article |
Subjects: | FRASCATI::Social sciences::Economics and Business::Finance |
Issue Date: | 2008 |
Source: | Studies in Economics and Finance |
Volume: | 25 |
Issue: | 4 |
First Page: | 212 |
Last Page: | 232 |
Abstract: | Purpose The purpose of this paper is to empirically investigate stock price and trading volume reactions to simultaneous interim dividend and earnings announcements by the Greek firms listed on the Athens stock exchange (ASE). Design/methodology/approach Classical event study methodology was employed to examine the share price and trading volume reaction to interim dividends and earnings announcements. Findings Results confirm the signaling hypothesis which predicts positive market reaction to the joint dividend and earnings announcements. However, the magnitude of the price reaction initiated by the final dividend announcement seems to be higher than the one by the interim dividend announcement. Research limitations/implications The observations are not many, although the whole population was included, since there are no data available prior to 1998. Practical implications The findings are useful to researchers, practitioners and investors who have an interest in firms listed on the ASE for their proper strategic decision making. Originality/value For the first time, the stock price and trading volume behaviour of firms listed on the ASE around contemporaneous dividend and earnings announcement dates is examined. |
URI: | https://doi.org/10.1108/10867370810918128 https://ruomo.lib.uom.gr/handle/7000/316 |
ISSN: | 1086-7376 |
Other Identifiers: | 10.1108/10867370810918128 |
Appears in Collections: | Department of Applied Informatics |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
JOINT EFFECTS OF GREEK INTERIM DIVIDEND AND EARNINGS ANNOUNCEMENTS.pdf | 672,61 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.