The Signaling Effect of Sampling Size in Physical Goods Sampling via Online Channels

This study analyzed partner volatility (new, old, revocation partners) and country-specific signal effects (United States (US), Taiwan, Japan, and South Korea) for Apple iPhone parts suppliers from 2007 to 2018. Mid- to long-term stock price movements were also analyzed to define trading patterns by investor type. The results using logit regression analysis revealed that new partners and revocation partners each have a signaling effect perceived as positive and negative information in the short term, and the excess returns by country showed a positive signaling effect in the order of the US, Taiwan, South Korea, and Japan. The findings also suggest that the change in the new partners’ stock price after the preannouncement of new products was useful investment information. Moreover, information asymmetry was found between individual investors, institutions, and foreigners. Results indicate that new partner selection in the smartphone market impacts corporate value and serves as useful investment information.

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On the signaling effect of reward-based crowdfunding: (When) do later stage venture capitalists rely more on the crowd than their peers?

Research Policy ◽

10.1016/j.respol.2021.104267 ◽

2021 ◽

Vol 50 (6) ◽

pp. 104267

Author(s):

Paolo Roma ◽

Maria Vasi ◽

Christos Kolympiris

Keyword(s):

Venture Capitalists ◽

Signaling Effect

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Where Lies the Signaling Effect of the SRP? Announcement vs. Execution

Atlantic Economic Journal ◽

10.1007/s11293-008-9157-3 ◽

2008 ◽

Vol 37 (1) ◽

pp. 115-116

Author(s):

Gili Yen ◽

Eva C. Yen

Keyword(s):

Signaling Effect

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The signaling effect of raising inflation

Journal of Economic Theory ◽

10.1016/j.jet.2018.10.007 ◽

2018 ◽

Vol 178 ◽

pp. 488-516 ◽

Cited By ~ 4

Author(s):

Jean Barthélemy ◽

Eric Mengus

Keyword(s):

Signaling Effect

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The Signaling Effect of Critics -- Evidence from a Market for Experience Goods

SSRN Electronic Journal ◽

10.2139/ssrn.2324977 ◽

2013 ◽

Author(s):

Joe Cox ◽

Daniel Kaimann

Keyword(s):

Experience Goods ◽

Signaling Effect

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Signaling Effect of Shifts in Dividend Policy: Evidence from Indian Capital Markets

Business Perspectives and Research ◽

10.1177/2278533718764505 ◽

2018 ◽

Vol 6 (2) ◽

pp. 142-153 ◽

Cited By ~ 1

Author(s):

Mohit Gupta ◽

Navdeep Aggarwal

Keyword(s):

Capital Markets ◽

Dividend Policy ◽

Abnormal Returns ◽

Weak Form ◽

Event Window ◽

Developed Markets ◽

Time Period ◽

Signaling Effect ◽

Study Methodology ◽

Event Study Methodology

Empirical evidence suggests that a large number of studies support the signaling impact of dividends, but the results are more pronounced in developed markets as compared to emerging markets, where because of the weak form of market efficiency, signaling impact is not well-established. This study tests this hypothesis in Indian capital markets, in terms of signaling impact due to shifts in dividend policy. The study has defined the shift in dividend policy as an increase or a decrease of dividend by 20 percent from the previous dividend payout rate. Standard event study methodology was applied on 129 such events in the selected time period and these events were further classified according to market capitalization. Large-cap stocks displayed the presence of significant abnormal returns in the pre-event period, whereas the mid-cap stocks displayed the same in the post-event period. The results of the small-cap stocks mirrored that of large-cap stocks but they are the only ones in which cumulative average abnormal returns were found to be significantly displaying the lagged response toward the event. The decrease in dividend rate by 20 percent or more did not result in average abnormal returns in either pre-event or post-event window.

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