Effect of Dividend Announcements on Firm Value in the Banking Sector: Evidence From Istanbul Stock Exchange

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Event study analyzes abnormal returns around dividend announcements in banking, showing limited impact on firm value.

Dividend announcements do not significantly affect stock prices of banks listed on the Istanbul Stock Exchange.
The event study method revealed no significant relationship between abnormal returns and dividend change or yield.
The analysis included data from 2008 to 2022, ensuring a comprehensive examination across time.
Low levels of asymmetric information likely explain the lack of price effect from dividend announcements.

DENİZ et al. (2025) studied this question.

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