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005			20180212182110.0
008			180212b xxu||||| |||| 00| 0 eng d
100			_aAnwar, Sadaf _930142
245			_aImpact of Cash Dividend Announcements: Evidence from the Indian Manufacturing Companies
300			_a29-60 p.
520			_aAccording to a recent survey by McKinsey and Company, the Indian manufacturing sector is expected to touch US$ 1 trillion by 2025.This study analyses the impact of the announcement of cash dividends on the stock price returns of the manufacturing companies listed on Bombay Stock Exchange using event study methodology. Further, it explores whether the US financial crisis recession impacted average abnormal returns (AARs) in the period of study. The empirical results show that cash dividend announcements have positive AARs. Overall, the results lend support to the signalling and informational content hypotheses of dividends. The paired samples t-test indicates a significant difference in the mean values of AARs in the pre-and post-recession phases, highlighting the impact of recession.
653			_aIndia
653			_aevent study methodology
653			_aabnormal returns
653			_asignalling
653			_afinancial crisis
700			_aSingh, Shveta _930143
700			_aJain, P. K. _930144
773	0		_029445 _965519 _aGANGOPADHYAY, SHUBHASIS _dNEW DELHI SAGE PUBLICATION PVT. LTD. _o5557178 _tJOURNAL OF EMERGING MARKET FINANCE _x0972-6527
942			_2ddc _cJA-ARTICLE