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Dividend announcements and stock market reaction

Jais, Mohamad and Abdul Karim, Bakri and Funaoka, Kenta and Zainol Abidin, Azlan (2009) Dividend announcements and stock market reaction. Munich Personal RePEc Archive. pp. 1-20. (Unpublished)

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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: Article
Uncontrolled Keywords: Dividend announcement; market reaction; KLSE
Subjects: H Social Sciences > HB Economic Theory
Divisions: School of Business Management
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 11 Sep 2019 06:14
Last Modified: 11 Sep 2019 06:14
URI: http://repo.uum.edu.my/id/eprint/26381

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