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Economic research - Ekonomska istraživanja, Vol. 24 No. 3, 2011.

Review article

STOCK PRICE REACTION TO DIVIDEND ANNOUNCEMENT IN CROATIA

Marko Miletić

Full text: english pdf 311 Kb

page 147-156

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Abstract

The aim of this research is to analyze the connection between dividend announcement and stock price on Croatian capital market using event study methodology. Research period was the period from the year 2007 to the year 2009. Results have confirmed that dividend change has statistically significant value for investors. Dividend increase and dividend decrease resulted with statistically significant stock price change in the same direction, while dividend retention resulted with no statistically significant stock price change.

Keywords

dividend; dividend announcement; stock price; abnormal returns

Hrčak ID:

77591

URI

https://hrcak.srce.hr/77591

Publication date:

1.9.2011.

Article data in other languages: croatian

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