Naslov
Dividend announcement effect – Evidence from Croatia

Autori
Vidović, Jelena ; Miletić, Marko ; Lolić Čipčić, Marina

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Conference Proceedings, UN Millenium Development Goals: Challenges and Perspectives, 10th International Scientific Conference / Villanyi, Laszlo - Godollo : Szent István University Press, 2009, 30-30

ISBN
978-963-269-102-2

Skup
UN Millenium Development Goals: Challenges and Perspectives, 10th International Scientific Conference

Mjesto i datum
Gödöllő, Mađarska, 23.06.2009. - 26.06.2009

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
stock market, stock prices, dividend announcement, capital yield, earnings

Sažetak
One of the most interesting features of investors on Croatian stock market is that their primary interest is capital gain rather than dividend yield. During the last two years, stock prices on Croatian stock market constantly grew, as a side effect massive interest of wider public and many new unqualified investors joined in order to earn quick capital gain. This paper examines share price reaction in Croatia stock market to announcement of changes in dividends. Our aim is to investigate how announcement of dividend increase or decrease is associated with positive or negative stock return. This phenomenon is known as dividend announcement effect.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA