Earnings information conveyed by dividend initiations and omissions

Firms that initiate dividend payments have positive earnings changes both before and after the dividend policy change, while those omitting dividend payments have negative earnings changes. Subsequent earnings changes are positively related to the dividend announcement return, and stock price reacti...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of financial economics 1988-09, Vol.21 (2), p.149-175
Hauptverfasser:	Healy, Paul M., Palepu, Krishna G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital distributions Disbursements Dividends Earnings Earnings per share Financial analysis Mathematical analysis
Online-Zugang:	Volltext
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