Hindsight of literature, last decadal studies and de facto corporate trends as studied in our empirical research conducted in hand revealed the fact that dividend payouts by the companies and their relative firms' value are based on the two theories i.e.

This paper examines the impact of public information in an economy where agents also have diverse private information. Since disclosures by central banks are an important source of public information, we are able to assess how the words of central bankers shape expectations, in addition to their...