Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/26361
Title: Revisiting the corroboration effects of earnings and dividend announcements
Authors: Cheng, LTW 
Leung, TY
Keywords: Corroboration effects
Dividends
Earnings
Issue Date: 2006
Publisher: Wiley-Blackwell
Source: Accounting and finance, 2006, v. 46, no. 2, p. 221-241 How to cite?
Journal: Accounting and finance 
Abstract: Using a unique market setting in Hong Kong, where (i) all firms release earnings and dividend information in the same announcement; (ii) corporate transparency is low; (iii) dividend income is non-taxable and (iv) corporate ownership is highly concentrated, we re-examine the corroboration effects of earnings and dividends. We use the control firm approach to avoid the return estimation bias resulting from observation clustering. We also add in variables and use econometric procedure to control for the potential impacts of earnings management, special dividends and heteroskedasticity. Our findings show that there exists a corroboration effect between the jointly announced signals.
URI: http://hdl.handle.net/10397/26361
ISSN: 0810-5391
EISSN: 1467-629X
DOI: 10.1111/j.1467-629X.2006.00164.x
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