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Communicating Private Information to the Equity Market Before a Dividend Cut: An Empirical Analysis
16 references·5 citing·41 second hop
Communicating Private Information to the Equity Market Before a Dividend Cut: An Empirical Analysis (2014)Communicating Private Information to the …The Role of the Media in the Internet IPO Bubble (2007)The Role of the Media in the …A Theory of Dividends Based on Tax Clienteles (2000)A Theory of Dividends Based o…Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Market efficiency, long-term …The Operating Performance of Firms Conducting Seasoned Equity Offerings (1997)The Operating Performance of …On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Why Firms Voluntarily Disclose Bad News (1994)Why Firms Voluntarily Disclos…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The informational content of the timing of dividend announcements (1986)The informational content of …Dividends, Dilution, and Taxes: A Signalling Equilibrium (1985)Dividends, Dilution, and Taxe…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Wealth redistributions or changes in firm value (1984)Wealth redistributions or cha…The Impact of Initiating Dividend Payments on Shareholders' Wealth (1983)The Impact of Initiating Divi…Signaling, Information Content, and the Reluctance to Cut Dividends (1980)Signaling, Information Conten…Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis (1980)Quarterly Dividend and Earnin…Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy (1979)Imperfect Information, Divide…The Information Content of Dividends (1973)The Information Content of Di…Executive social connections and gender pay gaps (2022)Executive social connections …The price of boardroom social capital: The effects of corporate demand for external connectivity (2019)The price of boardroom social…Managerial Entrenchment and Information Production (2019)Managerial Entrenchment and I…Voluntary disclosure of financial information by French firms: Does the introduction of IFRS matter? (2014)Voluntary disclosure of finan…“Preparing” the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends (2012)“Preparing” the Equity Market…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Dividend Policy, Growth, and the Valuation of Shares (1961)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)The investment opportunity set and corporate financing, dividend, and compensation policies (1992)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)In Search of New Foundations (2000)Dividends, Share Repurchases, and the Substitution Hypothesis (2002)A Catering Theory of Dividends (2004)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Disclosure of Nonproprietary Information (1985)The conservatism principle and the asymmetric timeliness of earnings1 (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)Large Shareholders and Corporate Control (1986)Environmental risk management and the cost of capital (2008)Corporate Governance and CSR Nexus (2011)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)An Empirical Evaluation of Accounting Income Numbers (1968)The valuation effects of stock splits and stock dividends (1984)Corporate research and development expenditures and share value (1990)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Efficient Capital Markets: II (1991)The Capital Structure Puzzle (1984)The Capital Structure Puzzle (1984)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)Inefficient Markets (2000)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)Multifactor Explanations of Asset Pricing Anomalies (1996)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1979Imperfect Information, Dividend Policy, and "The Bird in the Hand" Fallacy2,809 cited
  • 1998Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.12,572 cited
  • 1994Why Firms Voluntarily Disclose Bad News2,435 cited
  • 1985Dividends, Dilution, and Taxes: A Signalling Equilibrium1,425 cited
  • 1980Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis1,137 cited
  • 1997The Operating Performance of Firms Conducting Seasoned Equity Offerings1,098 cited
  • 2000A Theory of Dividends Based on Tax Clienteles857 cited
  • 1983The Impact of Initiating Dividend Payments on Shareholders' Wealth809 cited
  • 1973The Information Content of Dividends643 cited
  • 1984Wealth redistributions or changes in firm value251 cited
  • 2007The Role of the Media in the Internet IPO Bubble207 cited

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  • 1980Signaling, Information Content, and the Reluctance to Cut Dividends176 cited
  • 1986The informational content of the timing of dividend announcements115 cited
  • Cited by

    • 2022Executive social connections and gender pay gaps23 cited
    • 2012“Preparing” the Equity Market for Adverse Corporate Events: A Theoretical Analysis of Firms Cutting Dividends23 cited
    • 2019Managerial Entrenchment and Information Production21 cited
    • 2019The price of boardroom social capital: The effects of corporate demand for external connectivity16 cited
    • 2014Voluntary disclosure of financial information by French firms: Does the introduction of IFRS matter?16 cited