Dividend announcement on share prices in a bull and a bear market phase
The information content of dividend hypothesis has been a controversial debate for a number of decades. This research therefore examines the validity of information content of dividend hypothesis and the reaction of share prices to dividend change announcements that contradict the market phase. That is, observing the reaction of the market to the announcements of dividend decrease (increase) when the market is in a bull...
Trade policy, fiscal constraint and their impact on education in the long run
Many studies have evaluated the impact of trade liberalisation in South Africa. Our study proposes to evaluate the consequences of trade liberalisation when fiscal constraints and budget discipline lead government to reallocate the fiscal adjustment induced. More precisely, we will focus on the consequences on the education system and the consequences of students’ performances at school in long run. To evaluate...