SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
A test of dividend irrelevance using volume reactions to a change in dividend policy
16 references·16 citing·38 second hopsampled
A test of dividend irrelevance using volume reactions to a change in dividend policy (1986)A test of dividend irrelevance using volu…The theory and practice of econometrics (1986)The theory and practice of ec…Using daily stock returns (1985)Using daily stock returnsDividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…The Impact of Initiating Dividend Payments on Shareholders' Wealth (1983)The Impact of Initiating Divi…The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects? (1982)The Effects of Dividends on C…Dividends and Taxes: Some Empirical Evidence (1982)Dividends and Taxes: Some Emp…Stock returns and the weekend effect (1980)Stock returns and the weekend…The effect of personal taxes and dividends on capital asset prices (1979)The effect of personal taxes …Risk measurement when shares are subject to infrequent trading (1979)Risk measurement when shares …Dividends and taxes (1978)Dividends and taxesEstimating betas from nonsynchronous data (1977)Estimating betas from nonsync…The effects of dividend yield and dividend policy on common stock prices and returns (1974)The effects of dividend yield…TAXES, MARKET VALUATION AND CORPORATE FINANCIAL POLICY (1970)TAXES, MARKET VALUATION AND C…Marginal Stockholder Tax Rates and the Clientele Effect (1970)Marginal Stockholder Tax Rate…The Information Content of Annual Earnings Announcements (1968)The Information Content of An…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …The bivariate GARCH approach to investigating the relation between stock returns, trading volume, and return volatility (2012)The bivariate GARCH approach …Why are firms with entrenched managers more likely to pay dividends? (2009)Why are firms with entrenched…Stock Market Reaction to Dividend Announcements: Evidence from the Greek Stock Market (2009)Stock Market Reaction to Divi…Trading Volumes, Volatility and Spreads in Foreign Exchange Markets: Evidence from Emerging Market Countries (2005)Trading Volumes, Volatility a…Dividend policy theories and their empirical tests (2002)Dividend policy theories and …Assessing Investor Response to Information Events Using Return and Volume Metrics (2002)Assessing Investor Response t…The microstructure of the Chinese stock market (2000)The microstructure of the Chi…Dynamic Volume-Return Relation of Individual Stocks (2000)Dynamic Volume-Return Relatio…A Trading Volume Benchmark: Theory and Evidence (1999)A Trading Volume Benchmark: T…A Test of the Theory of Tax Clienteles for Dividend Policies (1999)A Test of the Theory of Tax C…The Effect of Taxes on the Structure of Corporate Acquisitions (1998)The Effect of Taxes on the St…The stock market reaction to dividend announcements (1996)The stock market reaction to …Evidence that Trading Volume Sustains Stock Price Changes (1994)Evidence that Trading Volume …One‐Time Cash Flow Announcements and Free Cash‐Flow Theory: Share Repurchases and Special Dividends (1992)One‐Time Cash Flow Announceme…Stock Price Reactions to The Wall Street Journal's Securities Recommendations (1990)Stock Price Reactions to The …The Impact of Dividend Initiation on the Information Content of Earnings Announcements and Returns Volatility (1989)The Impact of Dividend Initia…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Fundamentals and Stock Returns in Japan (1991)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Liquidity and stock returns: An alternative test (1998)An Empirical Evaluation of Accounting Income Numbers (1968)The Cross-Section of Expected Stock Returns (1992)R2 around the world: New theory and new tests☆ (2005)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)An Intertemporal Capital Asset Pricing Model (1973)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)The Behavior of Stock-Market Prices (1965)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Stock return variances (1986)Correlations in Price Changes and Volatility across International Stock Markets (1990)The Efficient Market Hypothesis and Its Critics (2003)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)The relationship between return and market value of common stocks (1981)Asset pricing and the bid-ask spread (1986)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Capital markets research in accounting (2001)The Effect of National Culture on the Choice of Entry Mode (1988)Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data (1998)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1985Using daily stock returns6,497 cited
  • 1986The theory and practice of econometrics4,342 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited
  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1968The Information Content of Annual Earnings Announcements2,739 cited
  • 1980Stock returns and the weekend effect1,997 cited
  • 1979The effect of personal taxes and dividends on capital asset prices1,212 cited
  • 1974The effects of dividend yield and dividend policy on common stock prices and returns1,002 cited
  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1983The Impact of Initiating Dividend Payments on Shareholders' Wealth809 cited
  • 1970TAXES, MARKET VALUATION AND CORPORATE FINANCIAL POLICY796 cited
  • 1978Dividends and taxes760 cited
  • 1982Dividends and Taxes: Some Empirical Evidence677 cited
  • 1982The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects?

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

447 cited

Cited by

  • 2000Dynamic Volume-Return Relation of Individual Stocks193 cited
  • 1990Stock Price Reactions to The Wall Street Journal's Securities Recommendations182 cited
  • 1999A Trading Volume Benchmark: Theory and Evidence180 cited
  • 2002Dividend policy theories and their empirical tests179 cited
  • 1992One‐Time Cash Flow Announcements and Free Cash‐Flow Theory: Share Repurchases and Special Dividends176 cited
  • 1999A Test of the Theory of Tax Clienteles for Dividend Policies164 cited
  • 2002Assessing Investor Response to Information Events Using Return and Volume Metrics164 cited
  • 1996The stock market reaction to dividend announcements124 cited
  • 1998The Effect of Taxes on the Structure of Corporate Acquisitions123 cited
  • 2009Stock Market Reaction to Dividend Announcements: Evidence from the Greek Stock Market121 cited
  • 1989The Impact of Dividend Initiation on the Information Content of Earnings Announcements and Returns Volatility119 cited
  • 2000The microstructure of the Chinese stock market93 cited
  • 2009Why are firms with entrenched managers more likely to pay dividends?91 cited
  • 2005Trading Volumes, Volatility and Spreads in Foreign Exchange Markets: Evidence from Emerging Market Countries87 cited
  • 2012The bivariate GARCH approach to investigating the relation between stock returns, trading volume, and return volatility83 cited
  • 1994Evidence that Trading Volume Sustains Stock Price Changes83 cited