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| Tekijä: | Liljeblom, E. |
| Otsikko: | The informational impact of announcement of stock dividends and stock splits |
| Lehti: | Journal of Business Finance and Accounting
1989 : WINTER, VOL.16:5, p. 681-697 |
| Asiasana: | CORPORATE FINANCE INVENTORY CONTROL EARNINGS PER SHARE INFORMATION |
| Kieli: | eng |
| Tiivistelmä: | 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. |
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