A re-examination of the behavior of common stocks on ex-dividend days.
Over the past thirty-six years most of the research on the ex-dividend day price behavior of common stocks has centered on either the tax-induced clientele hypothesis or the short-term trader hypothesis. However, neither theory has fully explained why, on average, the price drop-off on the ex-divide...
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| Language: | en |
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The University of Arizona.
1991
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| Online Access: | http://hdl.handle.net/10150/185658 |