This article examines the stock market reaction to announcements of cash dividend increases and bonus issues (stock dividends) in the emerging stock market of Cyprus. Both events elicit significantly positive abnormal returns, in line with evidence from developed stock markets. This study...

This study explores the impact of firm-specific investor sentiment (FSIS) on stock returns around the announcement of credit rating changes. Consistent with a large body of work in social sciences, we find that FSIS is asymmetrically related to stock returns during rating changes and its impact...