Dividend policy and stock price volatility
1 Sep 2015 The purpose of this study is to investigate the relationship between dividend policy and stock price volatility (SV) in the Sri Lankan context. volatility of stock prices as important to firms as it is to investors. The debate has been whether corporate dividend policy has any relationship with stock price Abstract. The aim of this study was to study the relationship between dividend policy and share price volatility in insurance companies listed in the Amman Stock Rashid, Afzalur and Rahman, A. Z. M. Anisur (2008) Dividend policy and stock price volatility: evidence from Bangladesh. Journal of Applied Business and
The dividend yield as one of the proxies of the dividend policy is an indicator of the percentage return on a stock from its dividend price volatility or the uncertainty. The Dividend yield can be computed annually by dividing cash dividend per share for common stocks by the per share market value as follows:
Stock price was dependent variable while the independent variable was dividend payout ratio. The size of firm, earning volatility and growth were selected as Several literatures have showed evidence that dividend policy vary inversely proportional with share price volatility with duration effect. The study used data from However, dividend policy has been also used to explain the volatility of stock prices. This research includes a data sample of 131 Finnish public companies, price volatility of a given stock is low, it can lead to a high desirability. part of their equity porfolio, they do not worried about dividend policy of a firm. In other Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan. Syed Akif Shah, Umara Noreen. Abstract. Despite years of empirical research, This means that dividend policy had no impact on stock price volatility in. Pakistan. Index Terms- Earnings per share, Stock exchanges, Dividends. I. The idea that speculative prices fully and correctly reflect available information is central to modern financial economic theory. However, there is growing
Both dividend policy measures (dividend yield and payout ratio) have significant impact on the share price volatility. The relationship is not reduced much even
1 Apr 2016 Despite years of empirical research, the linkage between dividend policy and stock price volatility remains controversial among the researchers Keywords: Dividend Policy; Share Price Valuation; Earnings; Payout Ratio; Market The impact of dividend policy on share price volatility in the Malaysian stock 6 Oct 2014 Abstract. The purpose of this paper is to examine the relationship between dividend policy and share price changes in the Nigerian stock
However, dividend policy has been also used to explain the volatility of stock prices. This research includes a data sample of 131 Finnish public companies,
– The purpose of this paper is to examine the relation between dividend policy and share price changes in the UK stock market., – Multiple regression analyses are used to explore the association between share price changes and both dividend yield and dividend payout ratio., – A positive relation is found between dividend yield and stock price changes, and a negative relation between Although a numerous studies are conducted in the area of dividend policy, the study of dividend and stock price volatility on the emerging market is almost absent. This study seeks to examine if the earnings announcement in the form of dividend influence the future market value The dividend yield as one of the proxies of the dividend policy is an indicator of the percentage return on a stock from its dividend price volatility or the uncertainty. The Dividend yield can be computed annually by dividing cash dividend per share for common stocks by the per share market value as follows: Dividend policy and stock price volatility: Australian evidence. Dividend policy remains a source of controversy despite years of theoretical and empirical research, including one aspect of dividend policy: the linkage between dividend policy and stock price risk. The aim of this study was to study the relationship between dividend policy and share price volatility in insurance companies listed in the Amman Stock Exchange. A sample of 20 companies from 23 The empirical results of this study showed significant negative relationship between share price volatility with two main measurements of dividend policy which are dividend yield and dividend payout. Moreover, a significant negative relationship between share price volatility and size is found. Based on findings of this study, dividend yield and size have most impact on share price volatility amongst predictor variables.
PDF | On Dec 17, 2004, Irfan Chaudhry and others published DIVIDEND POLICY AND STOCK PRICE VOLATILITY in Pakistan.. | Find, read and cite all the
volatility of stock prices as important to firms as it is to investors. The debate has been whether corporate dividend policy has any relationship with stock price Abstract. The aim of this study was to study the relationship between dividend policy and share price volatility in insurance companies listed in the Amman Stock
17 Aug 2017 between dividend policy and stock price volatility through seminal literature on both theoretical and empirical evidences from 1989 to 2016. Studies have examined the effect of dividend policy on stock price volatility but most of the established studies was done on firms in developed market such as USA (Baskin, 1989; Profilet & Bacon, 2013), Australia (Allen & Rachim, 1996) and the UK (Hussainey et al., 2011). volatility of a company’s stock price when compared to the relationship that other related variables have on price volatility. This study will provide a deeper understanding on the true correlation between a company’s dividend policy and stock price volatility. The study will – The purpose of this paper is to examine the relation between dividend policy and share price changes in the UK stock market., – Multiple regression analyses are used to explore the association between share price changes and both dividend yield and dividend payout ratio., – A positive relation is found between dividend yield and stock price changes, and a negative relation between Although a numerous studies are conducted in the area of dividend policy, the study of dividend and stock price volatility on the emerging market is almost absent. This study seeks to examine if the earnings announcement in the form of dividend influence the future market value The dividend yield as one of the proxies of the dividend policy is an indicator of the percentage return on a stock from its dividend price volatility or the uncertainty. The Dividend yield can be computed annually by dividing cash dividend per share for common stocks by the per share market value as follows: Dividend policy and stock price volatility: Australian evidence. Dividend policy remains a source of controversy despite years of theoretical and empirical research, including one aspect of dividend policy: the linkage between dividend policy and stock price risk.