haku: @indexterm QUANTITATIVE TECHNIQUES / yhteensä: 178
viite: 48 / 178
| Tekijä: | Rankine, G. Stice, E. |
| Otsikko: | The market reaction to the choice of accounting method for stock splits and large stock dividends |
| Lehti: | Journal of Financial and Quantitative Analysis
1997 : JUN, VOL. 32:2, p. 161-182 |
| Asiasana: | QUANTITATIVE TECHNIQUES ACCOUNTING STOCKS |
| Kieli: | eng |
| Tiivistelmä: | Prior research has used inaccurate classification rules to distinguish between stock splits and stock dividends. The CRSP classification of two-for-one stock distributions agrees with the actual accounting treatment only 23% of the time. In addition, the accounting treatment impacts the announcement period reaction -- two-for-one distributions accounted for as stock dividends are associated with five-day announcement period returns of 2.70%, significantly greater than the 0.93% announcement returns for distributions accounted for as stock splits. |
SCIMA