Cash Dividend Announcements and Stock Return Volatility: Evidence from India

Impacts of Cash Dividend Components on Earning Persistence and Return on Stock

The aim of this study is to evaluate the impact of cash dividend components on corporates earnings persistence and return on stock. The population of study consists of 109 companies listed in Tehran Stock Exchange from 2011 to 2016. Data was analyzed using regression model. According to results, the cash component of earnings is more persistent than accruals and it can be used to predict future...

Technological Change and Stock Return Volatility: Evidence from eCommerce Adoptions

This paper is among the first to use a unique controlled empirical setting traditional firms’ adoption of the Internet for commerce to investigate the impact of changes in firms’ technological environment on their stock return volatility. Using three distinct empirical methodologies we detect a significant and corresponding increase in the idiosyncratic and total stock return volatility when a ...

How dividend announcements affect stock prices

Studying the Dividend Policy and Share Price Volatility: Iran Evidence

Explaining dividend policy has been one of the most difficult challenges facing financial economists. Despite decades of study, we have yet to completely understand the factors that influence dividend policy and the manner in which these factors interact.The aim of this paper is to examine the relation between dividend policy and share price volatility in Tehran Stock Exchange (TSE). The analys...

Stock Return and Cash Flow Predictability: The Role of Volatility Risk∗

We examine the joint predictability of return and cash flow within a present value framework, by imposing the implications from a long-run risk model that allow for both time-varying volatility and volatility uncertainty. We provide new evidence that the expected return variation and the variance risk premium positively forecast both short-horizon returns and dividend growth rates. We also conf...