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THE IMPACT OF DIVIDEND ANNOUNCEMENT ON STOCK PRICE : CASE STUDY OF THE STOCK EXCHANGE OF THAILAND (SET) |
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| รหัสดีโอไอ | |
| Creator | Nattapon Maliso, |
| Title | THE IMPACT OF DIVIDEND ANNOUNCEMENT ON STOCK PRICE : CASE STUDY OF THE STOCK EXCHANGE OF THAILAND (SET) |
| Contributor | Arichai Ractham and Songporn Hansanti |
| Publisher | KASETSART BUSINESS SCHOOL |
| Publication Year | 2563 |
| Journal Title | Kasetsart Applied Business Journal |
| Journal Vol. | 14 |
| Journal No. | 21 |
| Page no. | .15-32 |
| Keyword | Dividend Announcement, Dividend, Stock Respond, Stock Price |
| URL Website | https://so04.tci-thaijo.org/index.php/KAB |
| Website title | http://journal.bus.ku.ac.th/ |
| ISSN | 1906-0254 (print) 2539-6250 (online) |
| Abstract | The objective of this research is to study the impacts of the dividend announcement based on the stock value changes in The Stock Exchange of Thailand, by collecting comprehensive trading data of the companies with constant dividend payments. This research was conducted from 2015 2018 with dividend payments made 442 times from 67 companies in total. This research employed a Market Model together with Event Study where the events were designated to occur 20 days before and after the dividend announcement in the total of 41 event days in order to identify abnormal return from the dividend announcement. The research was divided into 2 groups as 1) SET100 2) SETHD. The result indicated that both sample groups produced the same result, meaning that the dividend announcement did not impact the changes of the stock value. But the average abnormal return of both groups indicated that most of the abnormal return occurred on the dividend announcement day. The daily comparison results also indicated that on the day of the occurrence SETHD had a higher irregularity rate than SET100. |
