Ividend announcements and share prices –

My topic is given above. Now, the main area of this assignment is to answer our research question : What is the impact of dividend announcements on asset prices?
This has to be done using appropriate econometric models to show the impact one has on the other.
The entire assignment has to be based on either of the following studies which I will upload on the control panel :
1Acker, D. (1999) Stock return volatility and dividend announcementsor
2Mozes, H. and Rapaccioli, D.(1995) The relation among dividend policy, firm size and the information content of earnings announcements”
I will also upload the data which has been given for use in this assignment.
Any further changes or plans will be conveyed to you in the control panel.