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The Interaction Effect of Earnings and Dividend Announcements on Share Price Australian Evidence

The Interaction Effect of Earnings and Dividend Announcements on Share Price Australian Evidence 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

The Interaction Effect of Earnings and Dividend Announcements on Share Price Australian Evidence

How, J.C.Y.; Teo, C.S.; Izan, H.Y.
Managerial Finance , Volume 18 (1): 12 – Jan 1, 1992
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb018441
Publisher site
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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

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