haku: @indexterm Dividends / yhteensä: 268
viite: 107 / 268
| Tekijä: | Boyd, J. Jagannathan, R. |
| Otsikko: | Ex-dividend price behavior of common stocks |
| Lehti: | Review of Financial Studies
1994 : WINTER, VOL. 7:4, p. 711-742 |
| Asiasana: | SHARE PRICES ECONOMICS DIVIDENDS |
| Kieli: | eng |
| Tiivistelmä: | This study examines common stock prices around ex-dividend dates. Such price data usually contain a mixture of observations - some with and some without arbitrageurs and/or dividend captures active. The theory predicts that such mixing will result in a nonlinear relation between percentage price drop and dividend yield - not the commonly assumed linear relation. This prediction and another important prediction of theory are supported empirically. |
SCIMA