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    Dividend announcement effect on the value of the firm
    (1997) Karaağaç, Bülent
    The dividend policy of the firms is very important for the investors. Because dividends contain management’s superior information of the firm’s recent performance and their assessment of future performance. Therefore, it’s expected to observe an increase in share prices associated with public announcement of a dividend increase. Throughout the thesis; I tried to find whether dividend announcements have an effect on stock prices in Istanbul Stock Exchange or not. The results I found are not consistent with the view that dividends have valuable information for the investors. Finally the reasons for these results are presented.