Dividend Changes, Earnings Reports, And Share Prices: Some Australian Findings

Australian companies typically announce profit figures and dividend payouts at the same time. During the 60's and early 70's, profit and dividend changes were positively correlated, and were associated with significant share price changes, after abstracting from market effects. When profit and dividend reports gave conflicting signals, share prices tended to decline.

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Year of publication:	1977
Authors:	Brown, Philip ; Finn, Frank J. ; Hancock, Phillip
Published in:	Australian Journal of Management. - Australian School of Business. - Vol. 2.1977, 2, p. 127-147
Publisher:	Australian School of Business
Subject:	DIVIDEND POLICY \| EARNINGS REPORTS \| EFFICIENCY \| PROFIT REPORTS \| STOCK MARKET PRICES

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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