Dividend policy and share price volatility: UK evidence
| dc.cclicence | N/A | en |
| dc.contributor.author | Hussainey, Khaled | en |
| dc.contributor.author | Mgbame, Chijoke Oscar | en |
| dc.contributor.author | Chijoke-Mgbame, Aruoriwo Marian | en |
| dc.date.accessioned | 2017-10-30T16:22:42Z | |
| dc.date.available | 2017-10-30T16:22:42Z | |
| dc.date.issued | 2011-01 | |
| dc.description.abstract | Purpose – The purpose of this paper is to examine the relation between dividend policy and share price changes in the UK stock market. Design/methodology/approach – Multiple regression analyses are used to explore the association between share price changes and both dividend yield and dividend payout ratio. Findings – A positive relation is found between dividend yield and stock price changes, and a negative relation between dividend payout ratio and stock price changes. In addition, it is shown that a firm's growth rate, debt level, size and earnings explain stock price changes. Practical implications – The paper supports the fact that dividend policy is relevant in determining share price changes for a sample of firms listed in the London Stock Exchange. Originality/value – To the best of the authors' knowledge, this paper is the first to show that corporate dividend policy is a key driver of stock price changes in the UK. | en |
| dc.funder | N/A | en |
| dc.identifier.citation | Hussainey, K., Mgbame, C.O. and Chijoke‐Mgbame, A.M. (2011) Dividend policy and share price volatility: UK evidence. The Journal of Risk Finance, 12 (1), pp. 57-68 | en |
| dc.identifier.doi | https://doi.org/10.1108/15265941111100076 | |
| dc.identifier.uri | http://hdl.handle.net/2086/14757 | |
| dc.language.iso | en | en |
| dc.peerreviewed | Yes | en |
| dc.projectid | N/A | en |
| dc.publisher | Emerald | en |
| dc.researchinstitute | Finance and Banking Research Group (FiBRe) | en |
| dc.title | Dividend policy and share price volatility: UK evidence | en |
| dc.type | Article | en |
Files
License bundle
1 - 1 of 1
No Thumbnail Available
- Name:
- license.txt
- Size:
- 4.2 KB
- Format:
- Item-specific license agreed upon to submission
- Description: