Reciprocity between Stock Prices and Cash Dividends of Selected Bulgarian Companies

Mario Kasabov ()

Ikonomiceski i Sotsialni Alternativi, 2017, issue 4, 43-60

Abstract: The paper examines 23 ‘dividend’ compa­nies that were listed on the BSE as of June 30, 2016 and paid cash dividends at least half the time during which were publicly traded compa­nies on the stock market. The purpose of the paper is to analyse whether investors reassess share prices following cash dividend announce­ments. Moreover, in order to improve our under­standing of investors’ behavior around dividend announcement date, the article investigates the key factors that determine the size and frequen­cy of dividend payments.

Keywords: Bulgarian Stock Exchange; shares; dividends; companies; investors (search for similar items in EconPapers)
JEL-codes: G32 G35 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.unwe.bg/uploads/Alternatives/4_Alternat_br_4_2017_BG.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2017:i:4:p:43-60

Access Statistics for this article

More articles in Ikonomiceski i Sotsialni Alternativi from University of National and World Economy, Sofia, Bulgaria Contact information at EDIRC.
Bibliographic data for series maintained by Vanya Lazarova ().