Can we predict dividend cuts?

Onali, Enrico (2016). Can we predict dividend cuts? Economics Letters, 146 , pp. 71-76.

Abstract

I examine the predictability of dividend cuts based on the time interval between dividend announcement dates using a large dataset of US firms from 1971 to 2014. The longer the time interval between dividend announcements, the larger the probability of a cut in the dividend per share, consistent with the view that firms delay the release of bad news.

Publication DOI: https://doi.org/10.1016/j.econlet.2016.07.026
Divisions: Aston Business School
Additional Information: © 2016, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: dividend policy,dividend dates,signalling theory,asymmetric information,US capital market,Economics and Econometrics,Finance
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Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
Published Date: 2016-09
Authors: Onali, Enrico ( 0000-0003-3723-2078)

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