Dividend announcement effect analysis before and during the COVID-19 pandemic in the Indonesia Stock Exchange
Tóm tắt
Từ khóa
Tài liệu tham khảo
Abreu JF, Gulamhussen MA (2013) Dividend payouts: evidence from U.S. bank holding companies in the context of the financial crisis. J Corporate Finance 22(1):54–65. https://doi.org/10.1016/j.jcorpfin.2013.04.001
Angelovska J (2017) Investors’ behaviour in regard to company earnings announcements during the recession period: evidence from the Macedonian stock exchange. Econ Res-Ekonomska Istrazivanja 30(1):647–660. https://doi.org/10.1080/1331677X.2017.1305768
Anwar S, Singh S, Jain PK (2017) Impact of cash dividend announcements: evidence from the Indian manufacturing companies. J Emerg Market Finance 16(1):29–60. https://doi.org/10.1177/0972652716686238
Badan Pusat Statistik (2020) Laju Pertumbuhan PDB menurut Pengeluaran (Persen), 2020. https://www.bps.go.id/indicator/169/108/1/-seri-2010-laju-pertumbuhan-pdb-menurut-pengeluaran.html
Bhattacharya S (1979) Imperfect information, dividend policy, and “the bird in the hand” fallacy. Bell J Econ 27(1):8–10. https://doi.org/10.2469/dig.v27.n1.3
Chaabouni I (2017) Impact of dividend announcement of stock return: a study listed companies in the Saudi Arabia financial markets. Int J Inf Bus Manag 9(1):37–44. https://www.researchgate.net/publication/328582494_IMPACT_OF_DIVIDEND_ANNOUNCEMENT_ON_STOCK_RETURN_A_STUDY_ON_LISTED_COMPANIES_IN_THE_SAUDI_ARABIA_FINANCIAL_MARKETS
Fabian A, Santoso EB (2020) Dividend announcement effect to market reaction in non-financial companies listed on indonesia stock exchange. J Account Entrep Financ Technol 1(2):57–67. https://doi.org/10.37715/jaef.v1i2.1467
Felimban R, Floros C, Nguyen A-N (2018) The impact of dividend announcements on share price and trading volume. J Econ Stud 45(2):210–230. https://doi.org/10.1108/jes-03-2017-0069
Frensidy B, Josephine I, Ignatius (2019) Price formation around dividend announcement date: empirical evidence in Indonesian stock exchange. Eur Res Stud J XXII(3):106–118. https://doi.org/10.35808/ersj/1460
Godager E, Lia H, Kisser M (2019) What are the implications of dividend changes? An empirical study of dividend signaling in the Norwegian stock market. pp 193–197. http://hdl.handle.net/11250/2612204
Gul S, Ullah I, Gul H, Rasheed S (2020) The factors affecting dividend policy: empirical study from pharmaceutical’s companies in Pakistan (PSX). Eur J Bus Manag Res 5(5):1–6. https://doi.org/10.24018/ejbmr.2020.5.5.464
Herwany A, Febrian E, Anwar M, Gunardi A (2021) The influence of the COVID-19 pandemic on stock market returns in Indonesia stock exchange. J Asian Finance Econ Bus 8(3):39–47. https://doi.org/10.13106/jafeb.2021.vol8.no3.0039
Hossain M (2020) The effect of the Covid-19 on sharing economy activities. J Clean Prod. https://doi.org/10.1016/j.jclepro.2020.124782
Ibn-Mohammed T, Mustapha KB, Godsell J, Adamu Z, Babatunde KA, Akintade DD, Acquaye A, Fujii H, Ndiaye MM, Yamoah FA, Koh SCL (2020) A critical review of the impacts of COVID-19 on the global economy and ecosystems and opportunities for circular economy strategies. Resour Conserv Recycl 164(May 2020):105169. https://doi.org/10.1016/j.resconrec.2020.105169
Kadioglu E, Telceken N, Ocal N (2015) Market reaction to dividend announcement: evidence from Turkish stock market. Int Bus Res 8(9):83–94. https://doi.org/10.5539/ibr.v8n9p83
Khanal AR, Mishra AK (2017) Stock price reactions to stock dividend announcements: a case from a sluggish economic period. N Am J Econ Finance 42(June 2009):338–345. https://doi.org/10.1016/j.najef.2017.08.002
Liu J, Sarkar S, Kumar S, Jin Z (2018) An analysis of stock market impact from supply chain disruptions in Japan. Int J Product Perform Manag 67(1):192–206. https://doi.org/10.1108/IJPPM-06-2016-0104
Liu H, Manzoor A, Wang C, Zhang L, Manzoor Z (2020) The COVID-19 outbreak and affected countries stock markets response. Int J Environ Res Public Health 17(8):1–19. https://doi.org/10.3390/ijerph17082800
Mestel R, Schleicher C, Gurgul H (2003) Stock market reactions to dividend announcements: Empirical evidence from the Austrian stock market. Financ Markets Portfolio Manag 17(3):332–350. https://link.springer.com/content/pdf/10.1007/s11408-003-0304-1.pdf
Meza N, Báez A, Rodriguez J, Toledo W (2020) The dividend signaling hypothesis and the corporate life cycle. Manag Financ. https://doi.org/10.1108/MF-10-2019-0512
Modigliani F, Miller MH (1958) The cost of capital, corporation finance and the theory of investment. Am Econ Rev 48(3):261–297. http://www.jstor.org/stable/1809766
Mujib B, Candraningrat IR (2021) Capital market reaction to Covid-19 pandemic on LQ45 shares at Indonesia stock exchange (IDX). Am J Human Soc Sci Res 5(3):74–80. https://www.ajhssr.com/volume-5-issue-03/
Ozo FK, Arun TG (2019) Stock market reaction to cash dividends: evidence from the Nigerian stock market. Manag Financ 45(3):366–380. https://doi.org/10.1108/MF-09-2017-0351
Pratama IKAD, Damayanthi IGAE, Dharmadiaksa IB, Suardana KA (2020) Capital market reaction to the 2019 Indonesian presidential election announcement results by the general election commission and constitutional court decision. Am J Human Soc Sci Res 04(01):286–291. https://www.ajhssr.com/volume-4-issue-1/
Putra IKTB, Badjra IB (2021) Open access abnormal return of stocks during stock split announcement (empirical study at Indonesia stock exchangein 2019). Am J Human Soc Sci Res 5(4):509–516
Sah RK (2015) Provisions Of presentation of “proposed dividend” in balance sheet: a comparison of companies act 2013 and accounting standard rules 2006. Abhinav Int Mon Refereed J Res Manag Technol 4(5):7–12. www.abhinavjournal.com
Schell D, Wang M, Huynh TLD (2020) This time is indeed different: a study on global market reactions to public health crisis. J Behav Exp Financ 27:100349. https://doi.org/10.1016/j.jbef.2020.100349
Sharma G (2017) Pros and cons of different sampling techniques. Int J Appl Res 3(7):749–752. www.allresearchjournal.com
World Health Organization (2020) WHO Timeline—Covid-19. https://www.who.int/news/item/27-04-2020-who-timeline---covid-19