| dc.contributor | 財管系 | zh_TW |
| dc.creator (作者) | 陳聖賢 | zh_TW |
| dc.creator (作者) | Chen, Sheng-Syan | en_US |
| dc.creator (作者) | Fu, Kuei-Chin | en_US |
| dc.date (日期) | 2011 | |
| dc.date.accessioned | 11-Jun-2018 18:30:53 (UTC+8) | - |
| dc.date.available | 11-Jun-2018 18:30:53 (UTC+8) | - |
| dc.date.issued (上傳時間) | 11-Jun-2018 18:30:53 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/117580 | - |
| dc.description.abstract (摘要) | This paper measures unexpected dividend changes in testing the free cash flow and information/signaling hypotheses using the Bar–Yosef/Sarig method. The empirical findings reveal the following: (i) The association between announcement period abnormal returns and the cash level is significantly positive for low q firms; (ii) The positive association between announcement period, abnormal returns, and the cash level is stronger in low q than in high q firms for most regressions; (iii) Low q firms reduce their capital and research and development (R&D) expenditures during the four fiscal years following dividend increase announcements. Our results are consistent with the free cash flow hypothesis.Read More: https://www.worldscientific.com/doi/abs/10.1142/S0219091511002329 | en_US |
| dc.format.extent | 354633 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | Review of Pacific Basin Financial Markets and Policies, Vol.14, No.3, pp.563-600 | zh_TW |
| dc.subject (關鍵詞) | Free cash flow hypothesis; information/signaling hypothesis; regular dividend; unexpected dividend changes | en_US |
| dc.title (題名) | An Examination of the Free Cash Flow and Information/Signaling Hypotheses Using Unexpected Dividend Changes Inferred from Option and Stock Prices: The Case of Regular Dividend Increases | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1142/S0219091511002329 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1142/S0219091511002329 | |
