Dividend initiations in reverse‐LBO firms

Arman Kosedag and David Michayluk ()

Review of Financial Economics, 2000, vol. 9, issue 1, 55-63

Abstract: This article documents a lack of share price response to dividend initiation announcements by firms that recently completed a reverse‐LBO. We identify a group of firms that had recently completed an IPO and report that they experience a positive reaction to dividend initiation announcements as expected based on the prior dividend initiation literature. We rule out a size‐based explanation for the abnormal response in reverse‐LBOs and offer some potential explanations for our empirical findings.

Date: 2000
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https://doi.org/10.1016/S1058-3300(00)00009-4

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Journal Article: Dividend initiations in reverse-LBO firms (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:revfec:v:9:y:2000:i:1:p:55-63

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