서지주요정보
配當發表와 關聯된 市場效率性의 測定에 關한 硏究 = A study on the measurement of market efficiency related to dividend announcements
서명 / 저자 配當發表와 關聯된 市場效率性의 測定에 關한 硏究 = A study on the measurement of market efficiency related to dividend announcements / 金勝洙.
저자명 김승수 ; Kim, Seung-Su
발행사항 [서울 : 한국과학기술원, 1987].
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등록번호

4104259

소장위치/청구기호

학술문화관(문화관) 보존서고

MMGS 8704

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초록정보

The objective of this study is to analyze the information effects of dividend announcements and the market efficiency related to dividend announcements. The measurement of information effects is based on observing the volatility of stock returns after dividend announcements and the test of market efficiency is based on examining the unbiasedness and timeliness of the market's response to dividend announcements. This empirical study used the daily stock prices data of twenty months during the 1981 to the 1986 period and the model and test methodologies used in the analysis is the mean adjusted returns model and T-test, Sign-test. The evidences indicate (1) the insignificant information effects and (2) the market inefficiency related to dividend announcements. But this results may be due to the government's regulation and the investors' cognition of dividend announcements. Therefore, theses implications can be precisely evaluated by aggregating the results of other event studies.

서지기타정보

서지기타정보
청구기호 {MMGS 8704
형태사항 [iii], 76 p. : 삽도 ; 26 cm
언어 한국어
일반주기 저자명의 영문표기 : Seung-Su Kim
지도교수의 한글표기 : 노공균
지도교수의 영문표기 : Kong-Kyun Ro
학위논문 학위논문(석사) - 한국과학기술원 : 경영과학과,
서지주기 참고문헌 : p. 71-76
주제 Finance.
Dividends.
주식 시장. --과학기술용어시소러스
재무 관리. --과학기술용어시소러스
Stocks.
배당.
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