This paper applies Johansen’s vector error-correction model (VECM) to investigate for the existence of the dividend … signalling effect in the Singapore aggregate market through impulse response analysis, forecast error variance decomposition and …

-Debtholders relationships. Here, another dividend signalling power is partially found, as dividend changes in period t seem to indicate a …

New Zealand joint dividend and earnings announcement data is used to corroborate an aspect of dividend signalling …

future prospects of the firm - and hence its increased value - through dividend payouts. The so-called dividend signalling … theoretical understanding of dividend signalling by considering 234 non-financial UK PLCs over the period 1995 to 2006 using panel … about earnings, although this link is confined to the current year. Finally, only marginal support is found for the dividend …

of the dividend signalling effect in the Singapore aggregate market through impulse response analysis, forecast error …

observations, we argue that dividend signalling does not universally apply to all firms. We also report our evidence that there is …