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dc.contributor.authorCamilleri, Silvio John-
dc.contributor.authorGrima, Luke-
dc.contributor.authorGrima, Simon-
dc.date2018-10-01en_GB
dc.date.accessioned2018-03-23T07:46:14Z-
dc.date.available2018-03-23T07:46:14Z-
dc.date.issued2018-
dc.identifier.citationCamilleri, S. J., Grima, L., & Grima, S. (2018). The effect of dividend policy on share price volatility : an analysis of Mediterranean banks' stocks. Managerial Finance, 45(2), 348-364.en_GB
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/28192-
dc.description.abstractThis empirical study investigates the relationship between share price volatility and dividend payments in the case of Mediterranean Banks. We use the dividend yield and the dividend payout as proxies of dividend policy, and regress these ratios together with other control variables to model share price volatility. The robustness of the results is assessed by re-using a data set which omits the outliers relating to the 2007 financial crisis and by forming sub-samples using a clustering procedure. Our results show that inferences may differ across samples and depending on the treatment of outlier observations. Besides adding new empirical evidence, our results offer insights to academics, stock traders and corporate managers in terms of better understanding the effect of dividend policies on share price volatility and its related risks and opportunities.en_GB
dc.language.isoenen_GB
dc.publisherEmerald Group Publishingen_GB
dc.rightsinfo:eu-repo/semantics/openAccessen_GB
dc.subjectStock exchanges -- Mediterranean Regionen_GB
dc.subjectStructural adjustment (Economic policy) -- Mediterranean Regionen_GB
dc.subjectInternational economic integrationen_GB
dc.subjectBanks and banking, Internationalen_GB
dc.subjectFinancial institutions, Internationalen_GB
dc.subjectFinancial services industry -- Mediterranean Regionen_GB
dc.subjectCorporations -- Financeen_GB
dc.titleThe effect of dividend policy on share price volatility : an analysis of Mediterranean banks' stocksen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.identifier.doi10.1108/MF-11-2017-0451-
dc.publication.titleManagerial Financeen_GB
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