{"id":"https://openalex.org/W2017547721","doi":"https://doi.org/10.2753/ree1540-496x420402","title":"Dividend Policies and Price-Volume Reactions to Cash Dividends on the Stock Market: Evidence from the Istanbul Stock Exchange","display_name":"Dividend Policies and Price-Volume Reactions to Cash Dividends on the Stock Market: Evidence from the Istanbul Stock Exchange","publication_year":2006,"publication_date":"2006-07-01","ids":{"openalex":"https://openalex.org/W2017547721","doi":"https://doi.org/10.2753/ree1540-496x420402","mag":"2017547721"},"language":"en","primary_location":{"id":"doi:10.2753/ree1540-496x420402","doi":"https://doi.org/10.2753/ree1540-496x420402","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x420402","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030448892","display_name":"Mustafa Kemal Y\u0131lmaz","orcid":"https://orcid.org/0000-0001-6036-0559","observed_orcids":["https://orcid.org/0000-0001-6036-0559"]},"institutions":[{"id":"https://openalex.org/I74897591","display_name":"Marmara University","ror":"https://ror.org/02kswqa67","country_code":"TR","type":"education","lineage":["https://openalex.org/I74897591"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Amustafa Kemal Yilmaz","raw_affiliation_strings":["a Department of the Istanbul Stock Exchange, Marmara University, Institute of Banking and Insurance","Department of the Istanbul Stock Exchange, Marmara University, Institute of Banking and Insurance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Department of the Istanbul Stock Exchange, Marmara University, Institute of Banking and Insurance","institution_ids":["https://openalex.org/I74897591"]},{"raw_affiliation_string":"Department of the Istanbul Stock Exchange, Marmara University, Institute of Banking and Insurance","institution_ids":["https://openalex.org/I74897591"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5068585400","display_name":"G\u00fczhan G\u00fclay","orcid":"https://orcid.org/0000-0002-1714-185X","observed_orcids":["https://orcid.org/0000-0002-1714-185X"]},"institutions":[{"id":"https://openalex.org/I74897591","display_name":"Marmara University","ror":"https://ror.org/02kswqa67","country_code":"TR","type":"education","lineage":["https://openalex.org/I74897591"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Guzhan Gulay","raw_affiliation_strings":["b Marmara University, Institute of Banking and Insurance","Marmara University, Institute of Banking and Insurance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b Marmara University, Institute of Banking and Insurance","institution_ids":["https://openalex.org/I74897591"]},{"raw_affiliation_string":"Marmara University, Institute of Banking and Insurance","institution_ids":["https://openalex.org/I74897591"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I74897591"],"apc_list":null,"apc_paid":null,"fwci":2.2685,"has_fulltext":false,"cited_by_count":57,"citation_normalized_percentile":{"value":0.90406823,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"42","issue":"4","first_page":"19","last_page":"49"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9628999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9628999829292297,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.03420000150799751,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0019000000320374966,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.8100000023841858},{"id":"https://openalex.org/keywords/cash-dividends","display_name":"cash dividends","score":0.9879999756813049},{"id":"https://openalex.org/keywords/price-volume-relationship","display_name":"price-volume relationship","score":0.5929999947547913},{"id":"https://openalex.org/keywords/ex-dividend-date","display_name":"ex-dividend date","score":0.7789999842643738},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.8230000138282776},{"id":"https://openalex.org/keywords/trading-volume","display_name":"trading volume","score":0.9950000047683716},{"id":"https://openalex.org/keywords/dividend-payout-ratio","display_name":"dividend payout ratio","score":0.9340000152587891},{"id":"https://openalex.org/keywords/borsa-istanbul","display_name":"Borsa Istanbul","score":0.921999990940094}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7764126062393188},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.5712950825691223},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5461791753768921},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5460385084152222},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.5254232883453369},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.5061118006706238},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4965580105781555},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4919550120830536},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.48811349272727966},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4605376720428467},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.38747552037239075},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2660523056983948},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2753/ree1540-496x420402","doi":"https://doi.org/10.2753/ree1540-496x420402","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x420402","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mes:emfitr:v:42:y:2006:i:4:p:19-49","doi":null,"is_oa":false,"landing_page_url":"http://mesharpe.metapress.com/link.asp?target=contribution&id=7836PT80173LL784","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:taf:emfitr:v:42:y:2006:i:4:p:19-49","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2753/REE1540-496X420402","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"pmh:oai:openaccess.marmara.edu.tr:11424/228259","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/11424/228259","pdf_url":null,"source":{"id":"https://openalex.org/S4306401380","display_name":"Dspace Repository (Marmara \u00dcniversitesi)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I74897591","host_organization_name":"Marmara University","host_organization_lineage":["https://openalex.org/I74897591"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Partnerships for the goals","score":0.47999998927116394,"id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":23,"referenced_works":["https://openalex.org/W1548123769","https://openalex.org/W1564214641","https://openalex.org/W1738334760","https://openalex.org/W1974426941","https://openalex.org/W1981025344","https://openalex.org/W1983888044","https://openalex.org/W1996248866","https://openalex.org/W1997575896","https://openalex.org/W2007679429","https://openalex.org/W2023082168","https://openalex.org/W2062907079","https://openalex.org/W2088957698","https://openalex.org/W2115004671","https://openalex.org/W2126165913","https://openalex.org/W2133621089","https://openalex.org/W2149170345","https://openalex.org/W2164426272","https://openalex.org/W2223768511","https://openalex.org/W3121468068","https://openalex.org/W3122376893","https://openalex.org/W3125902854","https://openalex.org/W4249588577","https://openalex.org/W6684156629"],"related_works":["https://openalex.org/W1505482859","https://openalex.org/W1516881029","https://openalex.org/W2023082168","https://openalex.org/W7217063771","https://openalex.org/W6990599510","https://openalex.org/W2186908806","https://openalex.org/W2739374700","https://openalex.org/W2128726497","https://openalex.org/W1536269995","https://openalex.org/W577099111"],"abstract_inverted_index":{"This":[0],"study":[1],"examines":[2],"the":[3,16,28,36,44,65,78,81,91,123,133,138,145],"effects":[4],"of":[5,31,141],"cash":[6,60,100,142],"dividend":[7,37,61,73],"payments":[8],"on":[9,64,132,144],"stock":[10,17,146],"returns":[11],"and":[12,41,63,104,112,137],"trading":[13,105,119],"volumes":[14,106],"in":[15,27,43,77,107],"market.":[18,147],"It":[19],"also":[20],"investigates":[21],"whether":[22],"there":[23],"is":[24,96],"any":[25],"difference":[26],"investment":[29],"behavior":[30],"investors":[32],"with":[33],"respect":[34],"to":[35,50,54],"pay":[38],"out":[39],"ratio":[40],"size":[42],"Istanbul":[45],"Stock":[46],"Exchange":[47],"(ISE)from":[48],"1995":[49],"2003.":[51],"Prices":[52],"start":[53],"rise":[55],"a":[56,86],"few":[57],"sessions":[58,79],"before":[59,90],"payments,":[62,74],"ex-dividend":[66,124],"day,":[67],"they":[68],"fall":[69],"less":[70],"than":[71],"do":[72],"finally":[75],"decreasing":[76],"following":[80],"payment.":[82],"Trading":[83],"volume":[84],"shows":[85],"considerable":[87],"upward":[88],"shift":[89],"payment":[92,135],"date":[93,136],"and,":[94],"interestingly,":[95],"stable":[97],"after":[98,113],"Thus,":[99],"dividends":[101,143],"influence":[102],"prices":[103],"different":[108],"ways":[109],"before,":[110],"at,":[111],"payment,":[114],"providing":[115],"some":[116],"profitable":[117],"active":[118],"strategy":[120],"opportunities":[121],"around":[122],"day.":[125],"The":[126],"findings":[127],"support":[128],"price-volume":[129],"reaction":[130],"discussions":[131],"divident":[134],"significant":[139],"effect":[140]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":12},{"year":2014,"cited_by_count":8},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
