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https://hdl.handle.net/20.500.14279/14543
Πεδίο DC | Τιμή | Γλώσσα |
---|---|---|
dc.contributor.author | Charitou, Andreas | - |
dc.contributor.author | Lambertides, Neophytos | - |
dc.contributor.author | Theodoulou, Giorgos | - |
dc.date.accessioned | 2019-07-15T10:22:42Z | - |
dc.date.available | 2019-07-15T10:22:42Z | - |
dc.date.issued | 2011 | - |
dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2011 vol. 46, no. 5, pp. 1521-1543 | en_US |
dc.identifier.issn | 17566916 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.14279/14543 | - |
dc.description.abstract | This study extends the Grullon, Michaely, and Swaminathan (2002) analysis by incorporating default risk. Using data for firms that either increased or initiated cash dividend payments during the 23-year period 1986-2008, we find reduction in default risk. This reduction is shown to be a priced risk factor beyond the Fama and French (1993) risk measures, and it explains the dividend payment decision and the positive market reaction around dividend increases and initiations. Further analysis reveals that the reduction in default risk is a significant factor in explaining the 3-year excess returns following dividend increases and initiations. | en_US |
dc.format | en_US | |
dc.language.iso | en | en_US |
dc.relation.ispartof | Journal of Financial and Quantitative Analysis | en_US |
dc.rights | © Cambridge University Press | en_US |
dc.title | Dividend increases and initiations and default risk in equity returns | en_US |
dc.type | Article | en_US |
dc.collaboration | University of Cyprus | en_US |
dc.collaboration | Aston University | en_US |
dc.subject.category | Economics and Business | en_US |
dc.journals | Subscription | en_US |
dc.country | Cyprus | en_US |
dc.country | United Kingdom | en_US |
dc.subject.field | Social Sciences | en_US |
dc.publication | Peer Reviewed | en_US |
dc.identifier.doi | 10.1017/S0022109011000305 | en_US |
dc.relation.issue | 5 | en_US |
dc.relation.volume | 46 | en_US |
cut.common.academicyear | 2011-2012 | en_US |
dc.identifier.spage | 1521 | en_US |
dc.identifier.epage | 1543 | en_US |
item.fulltext | No Fulltext | - |
item.languageiso639-1 | en | - |
item.grantfulltext | none | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.cerifentitytype | Publications | - |
item.openairetype | article | - |
crisitem.journal.journalissn | 1756-6916 | - |
crisitem.journal.publisher | Cambridge University Press | - |
crisitem.author.dept | Department of Nursing | - |
crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
crisitem.author.faculty | Faculty of Health Sciences | - |
crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
crisitem.author.orcid | 0000-0003-2864-1793 | - |
crisitem.author.parentorg | Faculty of Health Sciences | - |
crisitem.author.parentorg | Faculty of Management and Economics | - |
Εμφανίζεται στις συλλογές: | Άρθρα/Articles |
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