haku: @indexterm EQUITY CAPITAL / yhteensä: 240
viite: 134 / 240
Tekijä: | Easton, S. |
Otsikko: | Earnings and dividends: Is there an interaction effect? |
Lehti: | Journal of Business Finance and Accounting
1990 : JAN, VOL. 18:2, p.255-266 |
Asiasana: | EARNINGS DIVIDENDS AUSTRALIA MARKETS EQUITY CAPITAL RATE OF RETURN |
Kieli: | eng |
Tiivistelmä: | Interactions were found between earnings and dividend announcements and abnormal returns to equity. However the sample included only cases where the two announcements occurred within ten days of each other. Therefore in Australia, where announcements are virtually always made simultaneously, an investigation of interaction effects enables a test not only for the existence of these effects in a different market, but also a test of whether they are sensitive to discretion in the relative timing of the announcements. The results support the existence of interaction effects, suggesting that the analysis is not sensitive to discretion in the timing of announcements. |
SCIMA