Do Investors respond to divident changes correctly?
Goh, Hui Hui.
Goh, Lye Heng.
Tan, Teck Leng.
Date of Issue2005
College of Business (Nanyang Business School)
This study examines the accuracy of market reactions following announcements of dividend changes by companies in the S&P 500 as of 17 September 2004. Our study found that the market reacts accurately to the information conveyed by dividend initiations and large increases, but not for dividend omissions and large cuts.
Final Year Project (FYP)
Nanyang Technological University