CEU Electronic Theses and Dissertations, 2018
| Author | Korganbekova, Aliya |
|---|---|
| Title | The Impact of Dividend Announcements on Stock Prices: Evidence from the US Banking Sector |
| Summary | Dividend announcements can be interpreted by the market as a signal of a company’s soundness and stability. If these announcements convey useful and reliable information, then they should influence the stock prices according to the semi-strong form of market efficiency. This study examines the impact of dividend announcements on stock prices in the US banking sector from 2000 to 2018. Event study methodology is employed to find out the significance of abnormal returns within event windows of various sizes. This paper finds that there is a noticeable, positive and significant reaction of stock prices to dividend announcements and confirms the information content of dividends hypothesis and the semi-strong form of market efficiency hypothesis. |
| Supervisor | Zawadowski, Adam Gabor |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2018/korganbekova_aliya.pdf |
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