DO DIVIDEND SHOCKS AFFECT EXCESS RETURNS? AN EXPERIMENTAL STUDY

Do dividend shocks affect excess returns? An experimental study

The dividend announcement of a company is an informational event that can cause underreaction, momentum, overreaction, post-dividend announcement drift, and mean Multivitamin reversion.It is the uncertainty surrounding dividend announcements that leads to such behavioural phenomena.Most authors consider that underreaction occurs after dividend shoc

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