Cover Image

Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market

This study examines the market reactions to dividend announcements and the interaction with earnings announcements in the Malaysian stock market. Data was obtained for a sample of one thousand and eighty eight (1088) dividend announcements from firms whose shares were traded on the Malaysian stock e...

Full description

Saved in:
Bibliographic Details
Main Authors: Yip, Peng Poi, Isa, Mansor, Kester, George W., Lee, Siew Peng
Format: Article
Published: Faculty of Business and Accountancy, University of Malaya, Malaysia 2010
Subjects:
HG Finance
Online Access:http://eprints.um.edu.my/15339/
https://ajba.um.edu.my/article/view/2619/832
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.um.eprints.15339
record_format eprints
spelling my.um.eprints.153392019-11-07T03:31:54Z http://eprints.um.edu.my/15339/ Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market Yip, Peng Poi Isa, Mansor Kester, George W. Lee, Siew Peng HG Finance This study examines the market reactions to dividend announcements and the interaction with earnings announcements in the Malaysian stock market. Data was obtained for a sample of one thousand and eighty eight (1088) dividend announcements from firms whose shares were traded on the Malaysian stock exchange from 2004 to 2008. Abnormal returns were calculated using the market model. The results are partially consistent with the dividend information signalling hypothesis. There are positive abnormal returns related to dividend increase and dividend unchanged announcements, but insignificant for dividend decrease announcements. Combining dividend announcements with earnings announcements that take place well before dividend announcements, we find that both earnings and dividends exert their influence independently on share prices. Faculty of Business and Accountancy, University of Malaya, Malaysia 2010 Article PeerReviewed Yip, Peng Poi and Isa, Mansor and Kester, George W. and Lee, Siew Peng (2010) Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market. Asian Journal of Business and Accounting, 3 (2). pp. 101-120. ISSN 1985-4064 https://ajba.um.edu.my/article/view/2619/832
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic HG Finance
spellingShingle HG Finance
Yip, Peng Poi
Isa, Mansor
Kester, George W.
Lee, Siew Peng
Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
description This study examines the market reactions to dividend announcements and the interaction with earnings announcements in the Malaysian stock market. Data was obtained for a sample of one thousand and eighty eight (1088) dividend announcements from firms whose shares were traded on the Malaysian stock exchange from 2004 to 2008. Abnormal returns were calculated using the market model. The results are partially consistent with the dividend information signalling hypothesis. There are positive abnormal returns related to dividend increase and dividend unchanged announcements, but insignificant for dividend decrease announcements. Combining dividend announcements with earnings announcements that take place well before dividend announcements, we find that both earnings and dividends exert their influence independently on share prices.
format Article
author Yip, Peng Poi
Isa, Mansor
Kester, George W.
Lee, Siew Peng
author_facet Yip, Peng Poi
Isa, Mansor
Kester, George W.
Lee, Siew Peng
author_sort Yip, Peng Poi
title Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
title_short Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
title_full Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
title_fullStr Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
title_full_unstemmed Share price reaction to dividend announcements and the interaction with earnings announcements in the Malaysian stock market
title_sort share price reaction to dividend announcements and the interaction with earnings announcements in the malaysian stock market
publisher Faculty of Business and Accountancy, University of Malaya, Malaysia
publishDate 2010
url http://eprints.um.edu.my/15339/
https://ajba.um.edu.my/article/view/2619/832
_version_ 1651867365927813120
score 13.211869

Similar Items