A Study on the Contrastive Effect of Dividend Distribution of Listed Companies

2021 ◽  
Author(s):  
Cuifeng Wu ◽  
Wenjie Huang
Keyword(s):  
Listed Companies ◽  
Dividend Distribution

scholarly journals Meeting Dividend Thresholds Through Earnings Management of Listed Companies in South Africa

2020 ◽  
pp. 77-95
Author(s):  
Xin Yao Li ◽  
Pei-Wen Chen
Keyword(s):  
South Africa ◽  
Earnings Management ◽  
Regression Model ◽  
Agency Theory ◽  
Prospect Theory ◽  
South African ◽  
Listed Companies ◽  
Study Data ◽  
Signal Theory ◽  
Dividend Distribution

Dividend distribution influences corporate operating decisions, and the prior year’s dividends represent an earnings threshold. The purpose of this study was to clarify perceptions regarding the manipulation of income toward a desired earnings goal (i.e., dividend threshold). In this study, data from 2011 to 2019 were collected from the S&P Capital IQ database. A regression model was adopted to analyze the manipulation of income toward a dividend threshold (i.e., desired earnings goal) among South Africa’s listed industry. Moreover, the behavior of managers of listed South African firms tended to meet or exceed dividend thresholds by manipulating earnings, which is consistent with signal theory, prospect theory and agency theory. Keywords: Dividend thresholds, Earnings management, South Africa, Signal theory, Prospect theory.

scholarly journals STUDI TERHADAP PEMBAGIAN DIVIDEN DAN DAMPAKNYA TERHADAP HARGA SAHAM PERUSAHAAN-PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2011-2014

2016 ◽  
Vol 2 (1) ◽  
pp. 69-85
Author(s):  
Retno Martanti Endah Lestari ◽  
Putri Permatasari
Keyword(s):  
Comparative Analysis ◽  
Relative Risk ◽  
Standard Deviation ◽  
Data Processing ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Exchange ◽  
Listed Companies ◽  
Dividend Distribution ◽  
Data Processing Methods

The purpose of this study was to elucidate whether there is a role in influencing patterns of distribution of dividend stock prices. Data processing methods used were descriptive and comparative analysis. The results of this study indicate that not all issuers listed on the Stock Exchange dividends and the distribution of the dividend were varied. Of the 285 listed companies there are 13 issuers that pay dividends above Rp500 per share and most large issuers that pay dividends (MLBI). Issuers who regularly distribute dividends from 2011-2014 as many as 122 listed companies, with issuers who have an average dividend yield and the standard deviation is SQBB largest and the smallest is the SMMA. Of the 122 listed companies that distribute dividends on a regular basis, issuers that have a relative risk (covariance) is lowest that ASDM. After compared with stock prices, issuers that have a positive correlation between the distribution of dividends and stock prices is larger, ie 75.41%. From this study we can conclude that the theory says that the dividend distribution will affect the stock price can not be generalized. The dividend distribution does not necessarily affect the movement of the stock price still due to the dividend distribution of listed companies is negatively correlated with stock prices. In investing stock investors need not sticking to the distribution of dividends, since not all issuers that pay dividends positively correlated to the stock price.Keywords: dividend, stock price, listed on the Stock Exchange

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