Dividend Announcements and Stock Market Reaction

Mohamad, Jais and Bakri, Abdul Karim and Kenta, Funaoka and Azlan, Zainol Abidin (2009) Dividend Announcements and Stock Market Reaction. Working Paper. Universiti Malaysia Sarawak, (UNIMAS).

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Abstract

This paper examines the effect of dividend Announcements on stock market reaction in Kuala Lumpur Stock Exchange. Using an event study approach, the evidence shows that dividend increase announcements are greeted positively by investors, while there are some evidences suggesting investors react negatively prior to dividend decrease announcements. The observations are then separated into the magnitude of dividend change and income change. This paper also separates the observations into government linked companies (GLCs) and non-GLCs.

Item Type: Monograph (Working Paper)
Additional Information: Universiti Malaysia Sarawak, Unimas
Uncontrolled Keywords: UNIMAS, 2009, Dividend announcement, market reaction, KLSE
Subjects: A General Works > AC Collections. Series. Collected works
A General Works > AC Collections. Series. Collected works

H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 04 Jun 2014 02:12
Last Modified: 12 Mar 2015 03:25
URI: http://ir.unimas.my/id/eprint/3074

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