The signaling or information content hypothesis is amongst the most prominent theories attempting to explain dividend policy decisions. However, no research has, to date, examined the information content of dividends in conjunction with generalized economic adversity. With the majority of the...

Seasoned Equity Offers (SEOs) by publicly listed firms generally result in unexpected negative share price returns, being often perceived as a signal of overvalued share prices and information asymmetries. Hence, forecasting the value effect of such announcements is of crucial importance for...

M&A announcements can result in substantial positive or negative abnormal acquiring-firm stock returns and sizeable associated dollar value gains or losses. Unfortunately for decision makers tasked with evaluating potential deals, the existing M&A literature focuses on the in-sample analysis of...

In this study we contribute to the long-standing debate on the impact of firm versus industry effects on firm performance in three distinct ways; firstly by testing the firm, industry and their interaction effects on performance, secondly by examining the impact of each effect for different size...