Business School a university for the real world

Event

12 March 2020

The School of Economics and Finance invites you to attend a seminar where Professor Bala Balachandran from La Trobe Business School will present on "Dividend Initiations and Information Content - The Impact of the 2003 Dividend Tax Cut".

Abstract:

We re-examine the information content of dividend initiations for the periods pre- and post-the dividend tax cut in 2003. We find strong (weak) evidence of information content for dividends initiated by firms subsequent (prior) to the 2003 tax cut. The information content of dividend initiation regarding future earnings is more pronounced for firms with higher free cash flows and higher growth opportunities in the post-tax cut period. Further, we find that abnormal operating performances are positively related to post announcement long run abnormal returns for both the pre- and post-tax periods, indicating that the information content of dividend initiation regarding future earnings is reflected in the long-term reaction.

Everyone is welcome to attend.

For more information please see Professor Bala Balachandran's website.

 

Date
12 March 2020 - 12 March 2020
Time
9:45am - 11:00am
Location
Gardens Point Campus, Z Block, Level 8
Room
GP - Z808
Cost
Free to attend
Organisation
QUT School of Economics and Finance
Info
Professor Janice How
Phone
07 3138 4321
Email
janice.how@qut.edu.au
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