                                                    631

Joseph Aharony and Itzak Swary, Quarterly Dividend and Earnings Announcements and

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pp. 1-12.

Clarence C.Y. Kwan, Efficient Market Tests of the Informational Content of Dividend

Announcements: Critique and Extension, Journal of Financial and Quantitative Analysis,

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Paul Asquith and David W. Mullins, Jr., The Impact of Initiating Dividend Payments on

Shareholders' Wealth, Journal of Business, 56, no. 1 (January 1983), pp. 77-96.

James A. Brickley, Shareholder Wealth, Information Signaling and the Specially Designated

Dividend: An Empirical Study, Journal of Financial Economics, 12, no. 2 (August 1983),

pp. 187-209.

J. Randall Woolridge, Dividend Changes and Stock Price, Journal of Finance, 38, no. 5

(December 1983), pp. 1607-1615.

Terry E. Dielman and Henry R. Oppenheimer, An Examination of Investor Behavior

During Periods of Large Dividend Changes, Journal of Financial and Quantitative Analysis,

19, no. 2 (June 1984), pp. 197-216.

Paul M. Healy and Krishna G. Palepu, Earnings Information Conveyed by Dividend

Initiations and Omissions, Journal of Financial Economics, 21, no. 2 (September 1988),

pp. 149-175.

PC. Venkatesh, The Impact of Dividend Initiation on the Information Content of Earnings

Announcements and Returns Volatility, Journal of Business, 62, no. 2 (April 1989),

pp. 175-197.

Larry H.P. Lang and Robert H. Litzenberger, Dividend Announcements: Cash Flow

Signalling vs. Free Cash Flow Hypothesis, Journal of Financial Economics, 24, no. 1

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Harry DeAngelo, Linda DeAngelo, and Douglas J. Skinner, Dividends and Losses, Journal

of Finance, 47, no. 5 (December 1992), pp. 1837-1863.

Keith M. Howe, Jia He, and G. Wenchi Kao, One-Time Cash Flow Announcements and

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6.       
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Fischer Black, The Magic in Earnings: Economic Earnings versus Accounting Earnings,
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7.     ,     -
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Avner Kalay and Uri Loewenstein, The Informational Content of the Timing of Dividend
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Aharon R. Oferand Daniel R. Siegel, Corporate Financial Policy, Information, and Market
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8.       .  :

James S. Ang, Do Dividends Matter^. A Review of Corporate Dividend Theories and Evidence,
Monograph Series in Finance and Economics 19872, New York University Salomon
Center, Leonard N. Stern School of Business.

9.            :

William Beaver and Dale Morse, What Determines Price-Earnings Ratios?, Financial
Analysts Journal, 34, no. 4 (July/August 1978), pp. 65-76.