{"id":"https://openalex.org/W2329200901","doi":"https://doi.org/10.1520/jte20120327","title":"Stock Market Reaction to Various Dividend Announcements: Which Kind of Dividend Announcement is More Significant?","display_name":"Stock Market Reaction to Various Dividend Announcements: Which Kind of Dividend Announcement is More Significant?","publication_year":2014,"publication_date":"2014-06-05","ids":{"openalex":"https://openalex.org/W2329200901","doi":"https://doi.org/10.1520/jte20120327","mag":"2329200901"},"language":"en","primary_location":{"id":"doi:10.1520/jte20120327","doi":"https://doi.org/10.1520/jte20120327","is_oa":false,"landing_page_url":"https://doi.org/10.1520/jte20120327","pdf_url":null,"source":{"id":"https://openalex.org/S163152955","display_name":"Journal of Testing and Evaluation","issn_l":"0090-3973","issn":["0090-3973","1945-7553"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","dongbi-c","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310316053","host_organization_name":"ASM International","host_organization_lineage":["https://openalex.org/P4310316053"],"host_organization_lineage_names":["ASM International"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Testing and Evaluation","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/A5084539023","display_name":"Jau-Yang Liu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Jau-Yang Liu","raw_affiliation_strings":["Department of Accounting, Chinese Culture Univ. 1 , Yang-Ming-Shan, Taipei11192, TW "],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Chinese Culture Univ. 1 , Yang-Ming-Shan, Taipei11192, TW ","institution_ids":["https://openalex.org/I205612303"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072482230","display_name":"Der\u2010Jang Chi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I205612303","display_name":"Chinese Culture University","ror":"https://ror.org/04shepe48","country_code":"TW","type":"education","lineage":["https://openalex.org/I205612303"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Der-Jang Chi","raw_affiliation_strings":["Department of Accounting, Chinese Culture Univ. 2 , Yang-Ming-Shan, Taipei11192, TW"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Chinese Culture Univ. 2 , Yang-Ming-Shan, Taipei11192, TW","institution_ids":["https://openalex.org/I205612303"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I205612303"],"apc_list":null,"apc_paid":null,"fwci":2.9381,"has_fulltext":false,"cited_by_count":14,"citation_normalized_percentile":{"value":0.92273092,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":97},"biblio":{"volume":"42","issue":"4","first_page":"996","last_page":"1006"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9901999831199646,"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":0.9901999831199646,"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":0.007300000172108412,"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":0.0007999999797903001,"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-announcements","display_name":"dividend announcements","score":0.9629999995231628},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.8889999985694885},{"id":"https://openalex.org/keywords/stock-dividends","display_name":"stock dividends","score":0.7580000162124634},{"id":"https://openalex.org/keywords/cash-dividends","display_name":"cash dividends","score":0.9430000185966492},{"id":"https://openalex.org/keywords/dividend-payout-policy","display_name":"dividend payout policy","score":0.9039999842643738},{"id":"https://openalex.org/keywords/electronics-industry","display_name":"electronics industry","score":0.8149999976158142},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.8140000104904175},{"id":"https://openalex.org/keywords/taiwan-stock-exchange","display_name":"Taiwan Stock Exchange","score":0.8730000257492065}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.845221757888794},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.7717161178588867},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6703638434410095},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.6487593650817871},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5928686857223511},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5385578274726868},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5102255344390869},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5074633955955505},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.48510611057281494},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.48451298475265503},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.4549907445907593},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3935691714286804},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3397918939590454},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17702600359916687},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1520/jte20120327","doi":"https://doi.org/10.1520/jte20120327","is_oa":false,"landing_page_url":"https://doi.org/10.1520/jte20120327","pdf_url":null,"source":{"id":"https://openalex.org/S163152955","display_name":"Journal of Testing and Evaluation","issn_l":"0090-3973","issn":["0090-3973","1945-7553"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","dongbi-c","jufo-1","ki-jl-1","norway-1","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310316053","host_organization_name":"ASM International","host_organization_lineage":["https://openalex.org/P4310316053"],"host_organization_lineage_names":["ASM International"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Testing and Evaluation","raw_type":"journal-article"},{"id":"pmh:oai:https://irlib.pccu.edu.tw/:987654321/29176","doi":null,"is_oa":false,"landing_page_url":"https://irlib.pccu.edu.tw//handle/987654321/29176","pdf_url":null,"source":{"id":"https://openalex.org/S7407064331","display_name":"Chinese Culture University Repository","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"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:https://irlib.pccu.edu.tw/:987654321/42912","doi":null,"is_oa":false,"landing_page_url":"https://irlib.pccu.edu.tw//handle/987654321/42912","pdf_url":null,"source":{"id":"https://openalex.org/S7407064331","display_name":"Chinese Culture University Repository","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"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":"Other"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":58,"referenced_works":["https://openalex.org/W119947364","https://openalex.org/W595917495","https://openalex.org/W1492516548","https://openalex.org/W1536974058","https://openalex.org/W1540403087","https://openalex.org/W1585500105","https://openalex.org/W1919763571","https://openalex.org/W1964948594","https://openalex.org/W1971369501","https://openalex.org/W1978955334","https://openalex.org/W1979575715","https://openalex.org/W1985862728","https://openalex.org/W1987080297","https://openalex.org/W1988160226","https://openalex.org/W1990166396","https://openalex.org/W1999996900","https://openalex.org/W2002718138","https://openalex.org/W2006193228","https://openalex.org/W2006949193","https://openalex.org/W2009189162","https://openalex.org/W2014684116","https://openalex.org/W2016369733","https://openalex.org/W2025797934","https://openalex.org/W2030098633","https://openalex.org/W2031349101","https://openalex.org/W2049046286","https://openalex.org/W2051123133","https://openalex.org/W2052092609","https://openalex.org/W2060610664","https://openalex.org/W2062807335","https://openalex.org/W2065601052","https://openalex.org/W2068258432","https://openalex.org/W2070181657","https://openalex.org/W2077189401","https://openalex.org/W2077420744","https://openalex.org/W2081571439","https://openalex.org/W2084934575","https://openalex.org/W2090049808","https://openalex.org/W2123343520","https://openalex.org/W2126306973","https://openalex.org/W2126707462","https://openalex.org/W2130162792","https://openalex.org/W2136700758","https://openalex.org/W2144202919","https://openalex.org/W2144470805","https://openalex.org/W2162453729","https://openalex.org/W2164426272","https://openalex.org/W2223768511","https://openalex.org/W2424098534","https://openalex.org/W2763199793","https://openalex.org/W3121131820","https://openalex.org/W3121281037","https://openalex.org/W3122175640","https://openalex.org/W3122528453","https://openalex.org/W3123052676","https://openalex.org/W3123921879","https://openalex.org/W3124462972","https://openalex.org/W3124737349"],"related_works":["https://openalex.org/W2014146799","https://openalex.org/W7037750840","https://openalex.org/W4385328778","https://openalex.org/W2346402941","https://openalex.org/W3164338289","https://openalex.org/W1586976001","https://openalex.org/W2945758687","https://openalex.org/W2789422620","https://openalex.org/W2238318314","https://openalex.org/W2563891885"],"abstract_inverted_index":{"Abstract":[0],"According":[1],"to":[2,17,42,50,101,158],"the":[3,19,22,60,78,85,91,103,110,117,124,152],"dividend":[4,14,107,134,160],"signalling":[5],"theory,":[6],"companies":[7,76],"take":[8],"advantage":[9],"of":[10,13,62,105,116],"their":[11],"announcement":[12,108],"payout":[15,54,65],"policy":[16],"signal":[18],"market":[20,153],"that":[21],"firm":[23],"now":[24],"has":[25,38],"positive":[26],"future":[27],"prospects,":[28],"which":[29,45],"will":[30,128],"result":[31],"in":[32,77,84,147,162],"changing":[33],"stock":[34,111,126,159],"prices.":[35],"However,":[36],"there":[37],"been":[39],"no":[40],"study":[41,57,96,99],"date":[43],"exploring":[44],"factor":[46],"is":[47],"more":[48,156],"significant":[49,130],"its":[51],"possible":[52],"dividends":[53,64,146],"portfolio.":[55],"This":[56],"focuses":[58],"on":[59,109,123],"impact":[61],"various":[63],"policies,":[66],"cash,":[67],"stock,":[68],"and":[69,80,150],"even":[70],"dual":[71],"dividends,":[72],"for":[73],"5870":[74],"Taiwanese":[75],"electronics":[79],"non-electronics":[81],"industries":[82],"listed":[83],"Taiwan":[86],"Stock":[87],"Exchange":[88],"(TSE)":[89],"during":[90],"period":[92],"from":[93],"2000\u20132010.":[94],"The":[95,119,136],"employs":[97],"event":[98],"methodology":[100],"examine":[102],"effect":[104],"a":[106],"price":[112],"within":[113],"thirty":[114],"days":[115],"announcement.":[118],"results":[120,138],"indicate":[121],"that,":[122],"whole,":[125],"prices":[127],"show":[129],"upward":[131],"movement":[132],"after":[133],"announcements.":[135],"observed":[137],"also":[139],"explain":[140],"why":[141,151],"firms":[142],"typically":[143],"distribute":[144],"certain":[145,148],"ways":[149],"might":[154],"react":[155],"positively":[157],"announcements":[161],"emerging":[163],"markets.":[164]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2019,"cited_by_count":3},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}