Please use this identifier to cite or link to this item: https://ruomo.lib.uom.gr/handle/7000/331
Full metadata record
DC FieldValueLanguage
dc.contributor.authorDasilas, Apostolos-
dc.contributor.authorLyroudi, Katerina-
dc.contributor.authorGinoglou, Demetrios-
dc.date.accessioned2019-10-30T11:28:52Z-
dc.date.available2019-10-30T11:28:52Z-
dc.date.issued2009-
dc.identifier10.1108/03074350910956981en_US
dc.identifier.urihttps://doi.org/10.1108/03074350910956981en_US
dc.identifier.urihttps://ruomo.lib.uom.gr/handle/7000/331-
dc.description.abstractPurpose The purpose of this paper is to investigate the impact of dividend initiations on shareholders’ wealth using a sample of 38 Greek listed firms. Design/methodology/approach The event study methodology of Brown and Warner was employed to examine the share price reaction to initial dividend announcements across different information environments. Findings Results show that dividend initiations bring about significant positive abnormal returns in the announcement period. The price response to dividend initiations is inversely associated with the information environment. Finally, the volatility of stock returns is higher in the low information environment group of firms than in the high information environment group of firms. Research limitations/implications The observations are not many, although the whole population is included, since there are no data available prior to 2000. Practical implications These findings are useful to researchers, practitioners and investors who have an interest in firms listed on the Athens Stock Exchange (ASE) for their proper strategic decision making. Originality/value For the first time the stock price behaviour of firms listed on the ASE around dividend initiation announcement dates is examined.en_US
dc.language.isoenen_US
dc.sourceManagerial Financeen_US
dc.subjectFRASCATI::Social sciences::Economics and Business::Financeen_US
dc.titleThe impact of dividend initiations on Greek listed firms’ wealth and volatility across information environmentsen_US
dc.typeArticleen_US
dc.contributor.departmentΤμήμα Εφαρμοσμένης Πληροφορικήςen_US
local.identifier.volume35en_US
local.identifier.issue6en_US
local.identifier.firstpage531en_US
local.identifier.lastpage543en_US
Appears in Collections:Department of Applied Informatics

Files in This Item:
File Description SizeFormat 
THE IMPACT OF DIVIDEND INITIATIONS ON GREEK LISTED FIRMS. Final.pdf447,2 kBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.