저자의 연구 키워드

저자의 연구 키워드

#누적비정상수익률

#배당락

#배당평판

#주가하락괴리율

#and firms with more concentrated ownership build dividend reputations. The author also found that the relationship between dividend yields and future stock returns depends on a firm’s dividend reputation. The evidence shows that when firms with higher yields have dividend reputations

#Cumulative Abnormal Return

#Cumulative Abnormal Returns

#Disparate Ratio

#Dividend Reputation

#Earnings Announcement

#especially in the Korean stock market. When firms continue to pay non-decreasing dividends for three or five years

#Ex－dividend

#firms with foreign holdings of more than 5%

#firms with less volatile returns

#Foreign investor

#future returns are higher.

#Increased liquidity of investor

#Individual investor

#Information asymmetry

#Internet Search Volume

#Investor Information Demand

#larger firms

#less leveraged firms

#more profitable firms

#older firms

#Purpose ? Although it has often been studied in finance research

#Socially responsible investment

#Split ESG rating

#the relationship between dividend yields and stock returns remains an unresolved issue

#they may establish a dividend reputation

#they produce higher future returns

#Trading volume

#Turn-of-the-month effect

#when larger firms with higher growth potential and firms with less concentrated ownership have dividend reputations

#whereas there is no significant relationship between yields and returns for firms with no reputation. These results are inconsistent with the findings of studies that use developed market data. In addition

#which could affect this relationship. The author found firms that pay more dividends