Interim dividend cuts and omissions in the UK
研究1986-1993年间英国公司削减或停发中期股息的市场反应，发现股价负面反应显著，且首次削减影响更大；中期股息削减可预测未来盈利，而杠杆、公司规模和中期盈利变化影响削减决策。
Abstract UK firms that cut or omit interim dividends during the period 1986–1993 are studied. Price reactions to cuts and omissions were found to be significantly negative and stronger for initial reductions. Future earnings variables were found to be predictable from interim dividend reductions. Gearing, company size and interim earnings change variables were found to have explanatory power for the decision to determine whether to cut or omit an interim dividend.