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Author:Liljeblom, E.
Title:The informational impact of announcement of stock dividends and stock splits
Journal:Journal of Business Finance and Accounting
1989 : WINTER, VOL.16:5, p. 681-697
Index terms:CORPORATE FINANCE
INVENTORY CONTROL
EARNINGS PER SHARE
INFORMATION
Language:eng
Abstract:The informational impact of announcements of stock dividends and/or stock splits, annual earnings and dividends are analysed. The results reveal a significant difference between the price reactions to announcements of simple proxy statements and the price reactions to equally good announcements which moreover include a stock dividend and/or a stock split commitment. The price effect of a stock dividend and/or stock split announcement is strengthened by the positive information of an earnings-per-share announcement.
SCIMA record nr: 75737
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