{"id":"https://openalex.org/W2118542002","doi":"https://doi.org/10.1080/096031000416415","title":"Dividend initiation announcements effects in initial public offerings","display_name":"Dividend initiation announcements effects in initial public offerings","publication_year":2000,"publication_date":"2000-09-01","ids":{"openalex":"https://openalex.org/W2118542002","doi":"https://doi.org/10.1080/096031000416415","mag":"2118542002"},"language":"en","primary_location":{"id":"doi:10.1080/096031000416415","doi":"https://doi.org/10.1080/096031000416415","is_oa":false,"landing_page_url":"https://doi.org/10.1080/096031000416415","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"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/A5037982313","display_name":"K. McCaffrey","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"K. McCaffrey","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5014499903","display_name":"Philip Anthony Hamill","orcid":"https://orcid.org/0000-0002-2390-1667","observed_orcids":["https://orcid.org/0000-0002-2390-1667"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"P. Hamill","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.4025078,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"10","issue":"5","first_page":"533","last_page":"542"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6967999935150146,"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/T10019","display_name":"Corporate Finance and Governance","score":0.6967999935150146,"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/T10047","display_name":"Financial Markets and Investment Strategies","score":0.2888000011444092,"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/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.006099999882280827,"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/initial-public-offerings","display_name":"initial public offerings","score":0.996999979019165},{"id":"https://openalex.org/keywords/market-reaction","display_name":"market reaction","score":0.7680000066757202},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.9440000057220459},{"id":"https://openalex.org/keywords/earnings-surprises","display_name":"earnings surprises","score":0.7260000109672546},{"id":"https://openalex.org/keywords/earnings-expectations","display_name":"earnings expectations","score":0.5429999828338623},{"id":"https://openalex.org/keywords/random-walks","display_name":"random walks","score":0.5870000123977661},{"id":"https://openalex.org/keywords/uk-stock-market","display_name":"UK stock market","score":0.6309999823570251}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.8581631183624268},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.8412051200866699},{"id":"https://openalex.org/C121194460","wikidata":"https://www.wikidata.org/wiki/Q856741","display_name":"Random walk","level":2,"score":0.6654298901557922},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5992668867111206},{"id":"https://openalex.org/C12559387","wikidata":"https://www.wikidata.org/wiki/Q185142","display_name":"Initial public offering","level":2,"score":0.570993959903717},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5549109578132629},{"id":"https://openalex.org/C147808555","wikidata":"https://www.wikidata.org/wiki/Q7233519","display_name":"Post-earnings-announcement drift","level":4,"score":0.49880433082580566},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.47295114398002625},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4720609784126282},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.42256537079811096},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.41005268692970276},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.359485387802124},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.30296677350997925},{"id":"https://openalex.org/C206217203","wikidata":"https://www.wikidata.org/wiki/Q1134378","display_name":"Earnings per share","level":3,"score":0.23861637711524963},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.1968967616558075},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.15588492155075073},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.052163004875183105},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.04868882894515991},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/096031000416415","doi":"https://doi.org/10.1080/096031000416415","is_oa":false,"landing_page_url":"https://doi.org/10.1080/096031000416415","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:apfiec:v:10:y:2000:i:5:p:533-542","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/096031000416415","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"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":51,"referenced_works":["https://openalex.org/W98605155","https://openalex.org/W1482108057","https://openalex.org/W1567560599","https://openalex.org/W1568744330","https://openalex.org/W1585500105","https://openalex.org/W1965939874","https://openalex.org/W1974675048","https://openalex.org/W1976956163","https://openalex.org/W1984272629","https://openalex.org/W1993091307","https://openalex.org/W1997437270","https://openalex.org/W2004501718","https://openalex.org/W2005940005","https://openalex.org/W2006949193","https://openalex.org/W2012717586","https://openalex.org/W2013631662","https://openalex.org/W2043619364","https://openalex.org/W2043725758","https://openalex.org/W2045566935","https://openalex.org/W2045745867","https://openalex.org/W2046999060","https://openalex.org/W2049075743","https://openalex.org/W2049440762","https://openalex.org/W2053030651","https://openalex.org/W2054730750","https://openalex.org/W2059261795","https://openalex.org/W2063902881","https://openalex.org/W2068258432","https://openalex.org/W2068716149","https://openalex.org/W2073488258","https://openalex.org/W2074752529","https://openalex.org/W2077877739","https://openalex.org/W2081432842","https://openalex.org/W2081571439","https://openalex.org/W2089014289","https://openalex.org/W2108187197","https://openalex.org/W2114600177","https://openalex.org/W2116374802","https://openalex.org/W2117897510","https://openalex.org/W2123343520","https://openalex.org/W2124092784","https://openalex.org/W2126306973","https://openalex.org/W2142856961","https://openalex.org/W2156215274","https://openalex.org/W2162133176","https://openalex.org/W2223768511","https://openalex.org/W2317732556","https://openalex.org/W2890913069","https://openalex.org/W2891461899","https://openalex.org/W4285719527","https://openalex.org/W4298005629"],"related_works":["https://openalex.org/W1171856871","https://openalex.org/W1589739082","https://openalex.org/W3186062275","https://openalex.org/W7033882884","https://openalex.org/W2928285055","https://openalex.org/W2758747686","https://openalex.org/W7028123642","https://openalex.org/W2136614565","https://openalex.org/W2074673749","https://openalex.org/W1974675048"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"the":[3,16,33,36,61,72,84],"market":[4,41],"reaction":[5,42],"to":[6,43,57,71,89],"dividend":[7],"initiation":[8],"announcements":[9],"by":[10],"Initial":[11],"Public":[12],"Offerings":[13],"(IPOs)":[14],"in":[15],"UK.":[17],"Using":[18],"data":[19],"for":[20,83],"131":[21],"Official":[22],"Listed":[23],"(OL)":[24],"and":[25,50,81,100],"139":[26],"Unlisted":[27],"Securities":[28],"Market":[29],"(USM)":[30],"firms,":[31],"covering":[32],"period":[34],"1982\u20131991,":[35],"study":[37,62],"finds":[38,63],"a":[39,47,54],"positive":[40,80],"such":[44],"announcements.":[45],"Employing":[46],"random":[48,51],"walk":[49,52],"with":[53,77],"drift":[55],"models":[56],"generate":[58],"earnings":[59,66,99],"expectations,":[60],"that":[64],"unexpected":[65,78],"are":[67],"significantly":[68],"positively":[69],"related":[70],"announcement":[73],"day":[74],"abnormal":[75],"return,":[76],"dividends":[79,101],"significant,":[82],"OL":[85],"sample":[86],"only.":[87],"Contrary":[88],"prior":[90],"research,":[91],"no":[92],"evidence":[93],"of":[94],"an":[95],"\u2018interaction":[96],"effect\u2019":[97],"between":[98],"signals":[102],"is":[103],"reported.":[104]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":2},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
