Dividend Changes And Future Profitability  

Oleh:

Ziv, Amir ; Nissim, Doron

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 56 no. 6 (2001), page 2111-2134.
Topik: DIVIDENDS; studies; dividends; profitability; correlation analysis; changes
Fulltext: p 2111.pdf (119.6KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We investigate the relation between dividend changes and future profitability, measured in terms of wither future earnings or future abnormal earnings. Supporting "the information content of dividends hypothesis" we find that dividend changes provide information about the level of profitability in subsequent years, incremental to market and accounting data. We also document that dividend changes are positively related to earnings changes in each of the two years after the dividend change.

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