Dividend Innovations and Stock Price Volatility
نویسندگان
چکیده
منابع مشابه
Effect of Dividend Policy Measures on Stock Price volatility in Tehran Stock Exchange
This paper aims to determine the impact of dividend policy on stock price volatility by taking firms listed on Tehran stock exchange. A sample of 68 listed companies from Tehran stock exchange is examined for a period from 2001 to 2012. The estimation is based on cross-sectional ordinary least square regression analysis to find the relationship between share price volatility and dividend poli...
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Explaining dividend policy has been one of the most difficult challenges facing financial economists. Despite decades of study, we have yet to completely understand the factors that influence dividend policy and the manner in which these factors interact.The aim of this paper is to examine the relation between dividend policy and share price volatility in Tehran Stock Exchange (TSE). The analys...
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This paper examines the stock price sensitivity to dividend changes. The Dividend Signaling, the Free-Cash-Flow, the Maturity and the Catering Hypotheses all predict an average positive (negative) reaction to announcement of a dividend increase (decrease). However, these hypotheses have different cross-sectional predictions. This paper documents that the positive stock price response to dividen...
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We study the dynamic relation between daily stock returns and innovations in option-derived implied volatilities. By simultaneously analyzing innovations in index-level and firm-level implied volatilities, we distinguish between innovations in systematic and idiosyncratic volatility in an effort to better understand the asymmetric volatility phenomenon. Our results indicate that the relation be...
متن کاملeffect of dividend policy measures on stock price volatility in tehran stock exchange
this paper aims to determine the impact of dividend policy on stock price volatility by taking firms listed on tehran stock exchange. a sample of 68 listed companies from tehran stock exchange is examined for a period from 2001 to 2012. the estimation is based on cross-sectional ordinary least square regression analysis to find the relationship between share price volatility and dividend poli...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1988
ISSN: 0012-9682
DOI: 10.2307/1911841