{"id":"https://openalex.org/W2343043862","doi":null,"title":"THE IMPACT OF INCREASED DIVIDEND ANNOUNCEMENTS ON STOCK PRICE: A TEST OF MARKET EFFICIENCY","display_name":"THE IMPACT OF INCREASED DIVIDEND ANNOUNCEMENTS ON STOCK PRICE: A TEST OF MARKET EFFICIENCY","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2343043862","mag":"2343043862"},"language":"en","primary_location":{"id":"pmh:oai:digitalcommons.longwood.edu:etd-1139","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.longwood.edu/etd/146","pdf_url":"https://digitalcommons.longwood.edu/cgi/viewcontent.cgi?article=1139&context=etd","source":{"id":"https://openalex.org/S4377196755","display_name":"Digital Commons - Longwood (Longwood University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I141448028","host_organization_name":"Longwood University","host_organization_lineage":["https://openalex.org/I141448028"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Theses & Honors Papers","raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://digitalcommons.longwood.edu/cgi/viewcontent.cgi?article=1139&context=etd","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5075741942","display_name":"Douglas S. Laabs","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Douglas S. Laabs","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5075741942"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.6246,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.88382885,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9839000105857849,"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":0.9839000105857849,"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":0.014499999582767487,"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":0.000699999975040555,"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":0.9620000123977661},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.7960000038146973},{"id":"https://openalex.org/keywords/market-efficiency","display_name":"market efficiency","score":0.8059999942779541},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.7720000147819519},{"id":"https://openalex.org/keywords/public-information","display_name":"public information","score":0.7350000143051147},{"id":"https://openalex.org/keywords/dividend-signaling","display_name":"dividend signaling","score":0.5429999828338623},{"id":"https://openalex.org/keywords/risk-adjusted-returns","display_name":"risk-adjusted returns","score":0.7749999761581421}],"concepts":[{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6684815883636475},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.47592976689338684},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.47507041692733765},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4603867530822754},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4476732313632965},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.44325020909309387},{"id":"https://openalex.org/C2985330422","wikidata":"https://www.wikidata.org/wiki/Q724931","display_name":"Market efficiency","level":2,"score":0.41668885946273804},{"id":"https://openalex.org/C2777267654","wikidata":"https://www.wikidata.org/wiki/Q3519023","display_name":"Test (biology)","level":2,"score":0.41521814465522766},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3858645260334015},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.17934590578079224},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.07006624341011047},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.06384503841400146},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","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},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:digitalcommons.longwood.edu:etd-1139","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.longwood.edu/etd/146","pdf_url":"https://digitalcommons.longwood.edu/cgi/viewcontent.cgi?article=1139&context=etd","source":{"id":"https://openalex.org/S4377196755","display_name":"Digital Commons - Longwood (Longwood University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I141448028","host_organization_name":"Longwood University","host_organization_lineage":["https://openalex.org/I141448028"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Theses & Honors Papers","raw_type":"text"},{"id":"pmh:oai:digitalcommons.longwood.edu:business_facpubs-1008","doi":null,"is_oa":false,"landing_page_url":"https://digitalcommons.longwood.edu/business_facpubs/7","pdf_url":null,"source":{"id":"https://openalex.org/S4377196755","display_name":"Digital Commons - Longwood (Longwood University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I141448028","host_organization_name":"Longwood University","host_organization_lineage":["https://openalex.org/I141448028"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Business & Economics Faculty Publications","raw_type":"text"},{"id":"mag:2343043862","doi":null,"is_oa":false,"landing_page_url":"https://digitalcommons.longwood.edu/cgi/viewcontent.cgi?article=1139&context=etd","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":{"id":"pmh:oai:digitalcommons.longwood.edu:etd-1139","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.longwood.edu/etd/146","pdf_url":"https://digitalcommons.longwood.edu/cgi/viewcontent.cgi?article=1139&context=etd","source":{"id":"https://openalex.org/S4377196755","display_name":"Digital Commons - Longwood (Longwood University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I141448028","host_organization_name":"Longwood University","host_organization_lineage":["https://openalex.org/I141448028"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Theses & Honors Papers","raw_type":"text"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":false},"content_urls":{"pdf":"https://content.openalex.org/works/W2343043862.pdf"},"referenced_works_count":5,"referenced_works":["https://openalex.org/W2131773668","https://openalex.org/W2182276398","https://openalex.org/W2184535286","https://openalex.org/W2342206060","https://openalex.org/W4240307802"],"related_works":["https://openalex.org/W7201969477","https://openalex.org/W2676569630","https://openalex.org/W4388527417","https://openalex.org/W7006180338","https://openalex.org/W3124084377","https://openalex.org/W4313056904","https://openalex.org/W3111318238","https://openalex.org/W2805981387","https://openalex.org/W3081866099","https://openalex.org/W565242772"],"abstract_inverted_index":{"The":[0],"purpose":[1],"of":[2,18,86,130,159],"this":[3],"study":[4,166],"is":[5,26,105],"to":[6,29,97,108,138],"test":[7],"the":[8,16,41,63,69,74,79,93,98,111,152,157,165,169],"semi-strong":[9,99,170],"form":[10,100,171],"efficient":[11,101,172],"market":[12,102,112,173],"hypothesis":[13,174],"by":[14,119],"analyzing":[15],"effects":[17],"increased":[19,45,55,125,160],"dividend":[20,56,126,161],"announcements":[21,162],"on":[22,35],"stock":[23,39,71,134],"price.":[24,72],"Specifically,":[25],"it":[27,104],"possible":[28,107],"earn":[30],"an":[31,44,143],"above":[32,144],"normal":[33,145],"return":[34],"a":[36,53,59,83],"publicly":[37],"traded":[38],"when":[40],"firm":[42,80],"announces":[43],"dividend?":[46],"Numerous":[47],"past":[48],"studies":[49],"suggest":[50],"that":[51,78],"with":[52,156],"company\u2019s":[54],"announcement":[57],"goes":[58],"positive":[60,75,153],"signal":[61,76,154],"about":[62],"firm\u2019s":[64,70,94],"future,":[65],"thereby":[66],"significantly":[67],"increasing":[68],"Likewise,":[73,164],"implies":[77],"now":[81],"attracts":[82],"new":[84],"breed":[85],"investors,":[87],"thus":[88],"driving":[89],"up":[90],"demand":[91],"for":[92,116],"stock.":[95],"According":[96],"hypothesis,":[103],"not":[106],"consistently":[109],"outperform":[110],"\u2014":[113,118],"appropriately":[114],"adjusted":[115,147],"risk":[117,146],"using":[120],"public":[121],"information":[122,131],"such":[123],"as":[124],"announcements.":[127],"This":[128],"type":[129],"should":[132],"impound":[133],"price":[135],"sufficiently":[136],"fast":[137],"disallow":[139],"any":[140],"investor\u2019s":[141],"earning":[142],"return.":[148],"Evidence":[149],"here":[150],"supports":[151],"associated":[155],"sample":[158],"examined.":[163],"results":[167],"support":[168]},"counts_by_year":[{"year":2021,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}