The information content of stock dividend announcements: Evidence from Sri Lanka

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F09%3A63508465" target="_blank" >RIV/70883521:28120/09:63508465 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

The information content of stock dividend announcements: Evidence from Sri Lanka

Original language description

This study examines the market reaction to Sri Lankan stock dividends from 1998 to 2007 using the event analysis methodology. The positive abnormal returns in Sri Lanka (Colombo Stock Exchange) are much higher than any other international findings on theannouncement day. Even after controlling the contaminated information, abnormal returns for pure stock dividends are positively significant on the announcement day. Further, announcement day abnormal returns are positively related with the size of the stock dividend announcement. Therefore these findings, based on Colombo Stock Exchange expand the empirical evidence on the signaling hypothesis of stock dividends.

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2009

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ekonomická revue

ISSN

1212-3951

e-ISSN

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Volume of the periodical

12

Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

12

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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