Dividend Omissions and Intraindustry Information Transfers

Dividend Omissions and Intraindustry Information Transfers PDF Author: Gary L. Caton
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
We examine potential information transfers from companies that announce dividend omissions to their industry rivals. Specifically, we examine the abnormal stock returns and abnormal earnings forecast revisions of rivals after a company makes a dividend omission announcement. Our results show negative and significant abnormal stock returns and negative and significant abnormal forecast revisions for rival companies in response to the announcement, and a significant positive relation between the two. We conclude that a dividend omission announcement transmits unfavorable information across the announcing company's industry that affects cash flow expectations and ultimately stock prices.

Dividend Omissions and Intraindustry Information Transfers

Dividend Omissions and Intraindustry Information Transfers PDF Author: Gary L. Caton
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description
We examine potential information transfers from companies that announce dividend omissions to their industry rivals. Specifically, we examine the abnormal stock returns and abnormal earnings forecast revisions of rivals after a company makes a dividend omission announcement. Our results show negative and significant abnormal stock returns and negative and significant abnormal forecast revisions for rival companies in response to the announcement, and a significant positive relation between the two. We conclude that a dividend omission announcement transmits unfavorable information across the announcing company's industry that affects cash flow expectations and ultimately stock prices.

Corporate Fraud Exposed

Corporate Fraud Exposed PDF Author: H. Kent Baker
Publisher: Emerald Group Publishing
ISBN: 1789734177
Category : Business & Economics
Languages : en
Pages : 524

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Book Description
Corporate Fraud Exposed uncovers the motivations and drivers of fraud including agency theory, executive compensation, and organizational culture. It delves into the consequences of fraud for various firm stakeholders, and its spillover effects on other corporations, the political environment, and financial market participants.

Advances In Quantitative Analysis Of Finance And Accounting (Vol. 5)

Advances In Quantitative Analysis Of Finance And Accounting (Vol. 5) PDF Author: Cheng Few Lee
Publisher: World Scientific
ISBN: 9814475548
Category : Business & Economics
Languages : en
Pages : 345

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Book Description
News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University). Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate recent developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. Its objective is to promote interaction between academic research in finance and accounting with applied research in the financial community and the accounting profession.The chapters in this volume cover a wide range of pressing topics including security analysis and mutual fund management, option pricing theory and application, interest rate spread, and electricity pricing.

African Journal of Economic Policy

African Journal of Economic Policy PDF Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages : 116

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Book Description


Finance India

Finance India PDF Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 896

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Book Description


The Oxford Handbook of Supply Chain Management

The Oxford Handbook of Supply Chain Management PDF Author: Thomas Y. Choi
Publisher: Oxford University Press
ISBN: 019006675X
Category : Business & Economics
Languages : en
Pages : 815

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Book Description
Supply chain management contends with structures and processes for delivering goods and services to customers. It addresses the core functions of connected businesses to meet downstream demand. This innovative volume provides an authoritative and timely guide to the overarching issues that are ubiquitous throughout the supply chain. In particular, it addresses emerging issues that are applicable across supply chains--such as data science, financial flows, human capital, internet technologies, risk management, cyber security, and supply networks. With chapters from an international roster of leading scholars in the field, the Oxford Handbook of Supply Chain Management is a necessary resource for all students and researchers of the field as well as for forward-thinking practitioners.

Earnings Management

Earnings Management PDF Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587

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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?

The Quarterly Review of Economics and Finance

The Quarterly Review of Economics and Finance PDF Author:
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 460

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Book Description


Business Periodicals Index

Business Periodicals Index PDF Author:
Publisher:
ISBN:
Category : Business
Languages : en
Pages : 2358

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Book Description


World Development Report 2009

World Development Report 2009 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 082137608X
Category : Political Science
Languages : en
Pages : 410

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Book Description
Rising densities of human settlements, migration and transport to reduce distances to market, and specialization and trade facilitated by fewer international divisions are central to economic development. The transformations along these three dimensions density, distance, and division are most noticeable in North America, Western Europe, and Japan, but countries in Asia and Eastern Europe are changing in ways similar in scope and speed. 'World Development Report 2009: Reshaping Economic Geography' concludes that these spatial transformations are essential, and should be encouraged. The conclusion is not without controversy. Slum-dwellers now number a billion, but the rush to cities continues. Globalization is believed to benefit many, but not the billion people living in lagging areas of developing nations. High poverty and mortality persist among the world's 'bottom billion', while others grow wealthier and live longer lives. Concern for these three billion often comes with the prescription that growth must be made spatially balanced. The WDR has a different message: economic growth is seldom balanced, and efforts to spread it out prematurely will jeopardize progress. The Report: documents how production becomes more concentrated spatially as economies grow. proposes economic integration as the principle for promoting successful spatial transformations. revisits the debates on urbanization, territorial development, and regional integration and shows how today's developers can reshape economic geography.