Financial Profiles, Dividends and Stock Returns

The aims of this paper are (a) to examine whether changes in dividend can be forecasted from past financial statement information and (b) to investigate whether such forecasts can be exploited to yield abnormal returns. A two-step approach is adopted. First, a logit model is developed to predict one...

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Bibliographic Details
Main Authors: Abeyratna Gunasekarage, Kurt Hess, David Power
Format: Article
Language:English
Published: Universiti Utara Malaysia 2015-12-01
Series:The International Journal of Banking and Finance
Subjects:
Online Access:https://www.e-journal.uum.edu.my/index.php/ijbf/article/view/8482