Stock Price Reaction to Cash Dividend Announcement: Evidence from Saudi Arabian Stock Exchange
| المصدر: | مجلة البحوث الاقتصادية والمالية |
|---|---|
| الناشر: | جامعة العربي بن مهيدي أم البواقي - كلية العلوم الاقتصادية والتجارية وعلوم التسيير |
| المؤلف الرئيسي: | Walid, Ziram (Author) |
| المجلد/العدد: | مج9, ع1 |
| محكمة: | نعم |
| الدولة: |
الجزائر |
| التاريخ الميلادي: |
2022
|
| الشهر: | جوان |
| الصفحات: | 888 - 910 |
| DOI: |
10.37164/2056-009-001-040 |
| ISSN: |
2352-9822 |
| رقم MD: | 1297423 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Saudi Stock Exchange | Cash Dividend Announcements | Stock Price | Event Study | Information Efficiency
|
| رابط المحتوى: |
عدد مرات التحميل
5
| المستخلص: |
The paper is aimed to investigate the cash dividend announcement impact on stock prices of companies listed on the Saudi stock exchange during 2011–2019. The full sample examined is consists of 199 cash dividend announcements from 30 companies. An event study methodology is used to find if the cash dividend events have a significant impact on stock prices, 10 days before and after the announcement dates. The study shows a significant reaction in stock prices around the event date. In particular, cash dividend announcements have a significant positive effect on stock prices one day after the announcement; this is consistent with the information content theory. The presence of earlier and delayed significant abnormal returns indicates that stock prices do not reflect the publicly available information instantly and accurately, therefore the Saudi Stock Exchange is not consistent with the semi-strong form efficiency hypothesis. |
|---|---|
| ISSN: |
2352-9822 |
عناصر مشابهة
-
AN EMPIRICAL INVESTIGATION OF THE EFFECT OF DIVIDEND ANNOUNCEMENTS ON SECURITY PRICE AND SHAREHOLDERS‟ RETURNS:EVIDENCE FROM SAUDI ARABIAN STOCK EXCHANGE
بواسطة: Shira, Ruba Khalid A. منشور: (2011) -
Price Reaction Surrounding Dividend Announcements : An Empirical Evaluation Of The Kuwait Stock Exchange
بواسطة: Al Mousawi, Hishmah منشور: (1992) -
The Impact of Dividend Announcement on the Share Prices in Saudi Stock Exchange
بواسطة: Aljar Allah, Jar Allah S. منشور: (2010) -
Impacts of Dividend Announcement on Stock Return: Empirical Study Algiers Stock Exchange
بواسطة: Bedrouni, Aissa منشور: (2022) -
Does Dividend Policy Affect Stock Price Volatility?: Evidence from Egypt
بواسطة: شريف، محمد منشور: (2024)
