Dividend Announcements and Stock Market Reaction : further evidence

• Main Authors: Mohamad, Jais, Bakri, Abdul Karim, Kenta, Funaoka, Azlan, Zainol Abidin
• Format: Article
• Language: English
• Published: Malaysian Finance Association 2010
• Subjects: AC Collections. Series. Collected works; H Social Sciences (General); HB Economic Theory
• Online Access: http://ir.unimas.my/id/eprint/3074/1/Dividend%20Announcements%20-%20Copy.pdf; http://ir.unimas.my/id/eprint/3074/; https://www.mfa.com.my/cmr/

This paper examines the effect of dividend Announcements on stock market reaction in Kuala Lumpur Stock Exchange. Using an event study approach, the evidence shows that dividend increase announcements are greeted positively by investors, while there are some evidences suggesting investors react nega...