Dividend Policy and Stock Price Volatility - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Dividend Policy and Stock Price Volatility write by David E. Allen. This book was released on 1993. Dividend Policy and Stock Price Volatility available in PDF, EPUB and Kindle.
Impact of Dividend Policy on Stock Price Volatility and Market Value of the Firm
Impact of Dividend Policy on Stock Price Volatility and Market Value of the Firm - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Impact of Dividend Policy on Stock Price Volatility and Market Value of the Firm write by Deepa Gunaratne. This book was released on 2015. Impact of Dividend Policy on Stock Price Volatility and Market Value of the Firm available in PDF, EPUB and Kindle. The impact resulted from the dividend policy of a firm, on the volatility of the market value of stocks, is the major concern of this study, which is an issue bearing an utmost significance, when considering the objectives of a corporate. The focus of an entity should be aligned, on the maximization of stock holders' wealth and this necessitates the selection of an optimum dividend policy. The present study, thus, attempts to shed a light on the above fact, within the Sri Lankan context. Data was collected from a sample of companies listed under the manufacturing sector of the Colombo Stock Exchange from year 2006 to 2014. The study occupied panel data regression model for analysis. The outcome revealed that, the dividend yield of the current year has a negative impact on the share price volatility, while the dividend payout ratio of both the current and previous years has a positive impact. In addition, the impact of dividend yield is negative on the market value of the firm, where the dividend payout ratio of the current year is also depicts the same impact. The findings of the study reassure the findings of the previous researchers within the Sri Lankan context, in case of the market value of the firm, while being contrary in case of the share price volatility. Accordingly, the firms' ability of utilizing the dividend policy as a mechanism of controlling the volatility of share prices is established. However, it will not be effective in altering the market value of the firm.
Effects of Dividend Policy on Stock Price Volatility in the Financial Sector
Effects of Dividend Policy on Stock Price Volatility in the Financial Sector - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Effects of Dividend Policy on Stock Price Volatility in the Financial Sector write by Kashan Pirzada. This book was released on 2017. Effects of Dividend Policy on Stock Price Volatility in the Financial Sector available in PDF, EPUB and Kindle. Objectives - This research seeks to identify the relationship between dividend policy and share price volatility.Methodology/Technique - This study uses both regression and correlation analysis, with price volatility, dividend yield, and dividend pay-out ratio as control factors. The study focuses on Malaysian companies for the period between 2001 and 2009.Findings - This research identifies that there is a positive, but not significant, relationship between share price volatility and dividend yield.Novelty - An important implication of this research is that the share price reaction to the earnings announcement is not similar to that of other developed countries. Therefore, the managers may not employ the dividend policy to influence their stock's risk. The influence of stock price risk through dividends may also be ambiguous due to the inefficient capital market in the financial sector.Type of Paper: Empirical.
Payout Policy
Payout Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Payout Policy write by . This book was released on 2007. Payout Policy available in PDF, EPUB and Kindle. Dividend policy continues to be among the premier unsolved puzzles in finance. A number of theories have been advanced to explain dividend policy. This e-book briefly reviews the principal theories of payout policy and dividend policy and summarizes the empirical evidence on these theories. Empirical evidence is equivocal and the search for new explanation for dividends continues.
Stock Prices and Monetary Policy
Stock Prices and Monetary Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stock Prices and Monetary Policy write by Paul De Grauwe. This book was released on 2008. Stock Prices and Monetary Policy available in PDF, EPUB and Kindle. The question of whether central banks should target stock prices so as to prevent bubbles and crashes from occurring has been hotly debated. This paper analyses this question using a behavioural macroeconomic model. This model generates bubbles and crashes. It analyses how 'leaning against the wind' strategies, which aim to reduce the volatility of stock prices, can help in reducing volatility of output and inflation. We find that such policies can be effective in reducing macroeconomic volatility, thereby improving the trade-off between output and inflation variability. The strength of this result, however, depends on the degree of credibility of the inflation-targeting regime. In the absence of such credibility, policies aiming at stabilising stock prices do not stabilise output and inflation.
