model's predictions, cash-flow volatility changes in the opposite direction from that of dividend changes and larger changes … in volatility come with larger announcement returns. We find similar results for share repurchases. Crucially, the data … that payout policy conveys information about future cash flow volatility. Our methodology can be applied more generally to …

the dividend policy of REITs plays an important role on the dynamics of the correlation. Dividend payments by Turkish ….S. We argue that both the relationship between dividend payments by REITs and REIT correlation with the stock index is …

buybacks optimally. We then explore the implications of various shocks commonly facing them, such as dividend income …, investment, and tax shocks. The latter include corporate income, capital gains, and dividend income taxes. We find that the model …

has roots in fundamentals. Higher market risk predicts greater idiosyncratic earnings volatility as well as dispersion and …

exert a large and persistent effect on the volatility of stock returns of acquirers and that this response is crucially … - engender a positive response in acquirers' volatility. Our results suggest that acquisitions affect uncertainty because they …

return correlations using weekly returns on futures markets and investigate the extent to which multivariate volatility …

suggests that oil price volatility affects stock returns positively during periods characterised by demand-side shocks in all …

follows. Positive (negative) news have significant positive (negative) effects on stock returns in all cases. Their volatility … has a significant impact on both stock returns and volatility; specifically, an increase in news volatility is always …

describe the most typical features of capital markets like volatility clustering, excess kurtosis and fat tails. As empirical … evidence shows asymmetry is also a prominent feature of stock market returns volatility. The reaction of risk if stock returns … ; volatility ; stock market ; transition …