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Earnings and Dividend Announcements is There a Corroboration Effect -
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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0307-4358
- DOI
- 10.1108/eb018441
- Publisher site
- See Article on Publisher Site
Abstract
Since Ball and Brown's 1968 seminal paper on the association between unexpected changes in earnings and share prices, there have been an abundance of empirical studies that suggest that announcements of earnings and dividends do indeed convey new and useful information to capital market participants. Most of these studies, however, have examined the information effects of only earnings OR dividend announcements. They did not examine whether the share market evaluates each announcement with respect to the information contained in the other.
Journal
Managerial Finance – Emerald Publishing
Published: Jan 1, 1992