The information content of stock dividend announcements : evidence from Sri Lanka

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dc.contributor.author Pathirawasam, Chandrapala
dc.date.accessioned 2012-02-01T11:12:03Z
dc.date.available 2012-02-01T11:12:03Z
dc.date.issued 2009
dc.identifier.citation Ekonomická revue. 2009, roč. 12, č. 3, s. 103-114 : il. cs
dc.identifier.issn 1212-3951 cs
dc.identifier.uri http://hdl.handle.net/10084/90097
dc.description.abstract This study examines the market reaction to Sri Lankan stock dividends from 1998 to 2007 using the event analysis methodology. The positive abnormal returns in Sri Lanka (Colombo Stock Exchange) are much higher than any other international findings on the announcement day. Even after controlling the contaminated information, abnormal returns for pure stock dividends are positively significant on the announcement day. Further, announcement day abnormal returns are positively related with the size of the stock dividend announcement. Therefore these findings, based on Colombo Stock Exchange expand the empirical evidence on the signaling hypothesis of stock dividends. cs
dc.format.extent 515087 bytes cs
dc.format.mimetype application/pdf cs
dc.language.iso en cs
dc.publisher Vysoká škola báňská - Technická univerzita Ostrava cs
dc.relation.ispartofseries Ekonomická revue cs
dc.relation.uri http://dx.doi.org/10.7327/cerei.2009.09.01
dc.rights © Vysoká škola báňská - Technická univerzita Ostrava cs
dc.title The information content of stock dividend announcements : evidence from Sri Lanka cs
dc.type article cs
dc.identifier.doi 10.7327/cerei.2009.09.01
dc.rights.access openAccess cs
dc.type.version publishedVersion cs
dc.type.status Peer-reviewed cs

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