@techreport{NBERw1248,
 title = "Earnings and Dividend Announcements is there a Corroboration Effect?",
 author = "Alex Kane and Young Ki Lee and Alan J. Marcus",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "1248",
 year = "1985",
 month = "June",
 URL = "http://www.nber.org/papers/w1248",
 abstract = {We examine abnormal stock returns surrounding contemporaneous earnings and dividend announcements in order to determine whether investors evaluate the two announcements in relation to each other.We find that there is a statistically significant interaction effect.The abnormal return corresponding to any earnings or dividend announcement depends upon the value of the other announcement. This evidence suggests the existence of a corroborative relationship between the two announcements. Investors give more credence to unanticipated dividend increases or decreases when earnings are also above or below expectations, and vice versa.},
}