How does stock market react to dividend surprises? Evidence from emerging marketsof India and Russia

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How does stock market react to dividend surprises? Evidence from emerging marketsof India and Russia. / Berezinets, Irina V.; Ilina, Yulia B.; Smirnov, Marat V.; Bulatova, Lilia.

в: Journal of Asia-Pacific Business, Том 18, № 3, 2017, стр. 153-179.

Результаты исследований: Научные публикации в периодических изданиях › статья › Рецензирование

BibTeX

@article{cd07edc17d904e51933fe609c9d5bc7d,

title = "How does stock market react to dividend surprises? Evidence from emerging marketsof India and Russia",

abstract = "In this article the authors empirically investigate information content of dividends announcements and average reaction of emerging markets of India and Russia to dividend surprises on the postcrisis period 2010 to 2014. The study applies an analysts{\textquoteright} expectations-based approach rarely used in academic literature. The authors conclude that the Russian market on average reacts negatively to good and bad dividend surprises; good dividend surprises on average trigger positive abnormal returns on Indian stocks, whereas bad and no surprises are associated with negative reactions of the Indian market. Results of the study are discussed from the perspective of dividend signaling theory, market efficiency, and investor behavior. ",

keywords = "dividends, dividend policy, share repurchases, SCOPUS, SCOPUS",

author = "Berezinets, {Irina V.} and Ilina, {Yulia B.} and Smirnov, {Marat V.} and Lilia Bulatova",

note = "How Does Stock Market React to Dividend Surprises? Evidence from Emerging Markets of India and Russia / I. Berezinets, Y. Ilina, M. Smirnov, L. Bulatova // Journal of Asia-Pacific Business. - 2017. - Volume 18, Issue 3. - P. 153-179.",

year = "2017",

doi = "10.1080/10599231.2017.1346407",

language = "English",

volume = "18",

pages = "153--179",

journal = "Journal of Asia-Pacific Business",

issn = "1059-9231",

publisher = "Taylor & Francis",

number = "3",

}

RIS

TY - JOUR

T1 - How does stock market react to dividend surprises? Evidence from emerging marketsof India and Russia

AU - Berezinets, Irina V.

AU - Ilina, Yulia B.

AU - Smirnov, Marat V.

AU - Bulatova, Lilia

N1 - How Does Stock Market React to Dividend Surprises? Evidence from Emerging Markets of India and Russia / I. Berezinets, Y. Ilina, M. Smirnov, L. Bulatova // Journal of Asia-Pacific Business. - 2017. - Volume 18, Issue 3. - P. 153-179.

PY - 2017

Y1 - 2017

N2 - In this article the authors empirically investigate information content of dividends announcements and average reaction of emerging markets of India and Russia to dividend surprises on the postcrisis period 2010 to 2014. The study applies an analysts’ expectations-based approach rarely used in academic literature. The authors conclude that the Russian market on average reacts negatively to good and bad dividend surprises; good dividend surprises on average trigger positive abnormal returns on Indian stocks, whereas bad and no surprises are associated with negative reactions of the Indian market. Results of the study are discussed from the perspective of dividend signaling theory, market efficiency, and investor behavior.

AB - In this article the authors empirically investigate information content of dividends announcements and average reaction of emerging markets of India and Russia to dividend surprises on the postcrisis period 2010 to 2014. The study applies an analysts’ expectations-based approach rarely used in academic literature. The authors conclude that the Russian market on average reacts negatively to good and bad dividend surprises; good dividend surprises on average trigger positive abnormal returns on Indian stocks, whereas bad and no surprises are associated with negative reactions of the Indian market. Results of the study are discussed from the perspective of dividend signaling theory, market efficiency, and investor behavior.

KW - dividends

KW - dividend policy

KW - share repurchases

KW - SCOPUS

UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-85028539991&origin=resultslist

U2 - 10.1080/10599231.2017.1346407

DO - 10.1080/10599231.2017.1346407

M3 - Article

VL - 18

SP - 153

EP - 179

JO - Journal of Asia-Pacific Business

JF - Journal of Asia-Pacific Business

SN - 1059-9231

IS - 3

ER -

ID: 9457024