Dividend Changes, Earnings Reports, And Share Prices: Some Australian Findings-Reference-Cited by-同舟云学术

Dividend Changes, Earnings Reports, And Share Prices: Some Australian Findings

Published:1977-10 Issue:2 Volume:2 Page:127-147
ISSN:0312-8962
Container-title:Australian Journal of Management
language:en
Short-container-title:Australian Journal of Management

Author:

Brown Philip¹,Finn Frank J.²,Hancock Phillip³

Affiliation:

1. Australian Graduate School of Management, University of New South Wales.

2. Department of Commerce, University of Queensland.

3. Department of Commerce, University of Western Australia.

Abstract

Australian companies typically announce profit figures and dividend payouts at the same time. During the 60's and early 70's, profit and dividend changes were positively correlated, and were associated with significant share price changes, after abstracting from market effects. When profit and dividend reports gave conflicting signals, share prices tended to decline.

Publisher

SAGE Publications

Subject

General Business, Management and Accounting

Link

http://journals.sagepub.com/doi/pdf/10.1177/031289627700200203

Reference19 articles.

1. Changes in Accounting Techniques and Stock Prices

2. An Empirical Evaluation of Accounting Income Numbers

3. Asset Pricing in the Australian Industrial Equity Market

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