A carregar...
Publicação
Does stock trading volume signal future dividends? Evidence from Iberian firms
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 361 KB | Adobe PDF |
Orientador(es)
Resumo(s)
In the study we test the theory that financial markets can provide relevant information
about forthcoming corporate events. More specifically, we examine the ability of
trading volume to predict dividend changes in a sample of 880 dividend announcements from Iberian firms for the period 2005–2018. We document evidence of a
positive and significant relation between unusually high volume and subsequent
dividend changes. The results based on panel data regressions with control variables
for firm size, profitability measures, volatility and average turnover using both pooled
OLS method and fixed effects method are robust. Our results are of special interest to
those investors that exhibit a higher preference for dividends.
Descrição
Palavras-chave
Stock markets Trading volume Dividends Portugal Spain
Contexto Educativo
Citação
Lobão, Júlio, Patrícia Piedade e Srinivas Nippan (2022). "Does stock trading volume signal future dividends? Evidence from Iberian firms". Portuguese Economic Journal, 21(1):53-66
Editora
Springer