The Valuation Effects of Stock Splits and Stock Dividends

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Valuation Effects of Stock Splits and Stock Dividends by : Mark Grinblatt

Download or read book The Valuation Effects of Stock Splits and Stock Dividends written by Mark Grinblatt and published by . This book was released on 2007 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study presents evidence which indicates that stock prices, on average, react positively to stock dividend and stock split announcements that are uncontaminated by other contemporaneous firm-specific announcements. In addition, it documents significantly positive excess returns on and around the ex-dates of stock dividends and splits. Both announcement and ex-date returns were found to be larger for stock dividends than for stock splits. While the announcement returns cannot be explained by forecasts of imminent increases in cash dividends, the paper offers several signaling based explanations for them. These are consistent with a cross-sectional analysis of the announcement period returns.

The Effect of Stock Split-ups and Stock Dividends on Market Price

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Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis The Effect of Stock Split-ups and Stock Dividends on Market Price by : Roger Lee Miller

Download or read book The Effect of Stock Split-ups and Stock Dividends on Market Price written by Roger Lee Miller and published by . This book was released on 1962 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On Existence of an "optimal Stock Price"

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis On Existence of an "optimal Stock Price" by : Lifan Wu

Download or read book On Existence of an "optimal Stock Price" written by Lifan Wu and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of Stock Splits and Stock Dividends on the Monthly Price Relatives of Common Stocks

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ISBN 13 :
Total Pages : 246 pages
Book Rating : 4.:/5 (269 download)

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Book Synopsis The Effect of Stock Splits and Stock Dividends on the Monthly Price Relatives of Common Stocks by : James A. Millar

Download or read book The Effect of Stock Splits and Stock Dividends on the Monthly Price Relatives of Common Stocks written by James A. Millar and published by . This book was released on 1971 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Differences Between Stock Splits and Stock Dividends

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ISBN 13 : 9788790705756
Total Pages : 32 pages
Book Rating : 4.7/5 (57 download)

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Book Synopsis The Differences Between Stock Splits and Stock Dividends by : Johannes Raaballe

Download or read book The Differences Between Stock Splits and Stock Dividends written by Johannes Raaballe and published by . This book was released on 2004 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract It is often asserted that stock splits and stock dividends are purely cosmetic events. However, many studies have documented several stock market effects associated with stock splits and stock dividends. This paper examines the effects of these two types of events for the Danish stock market. Consistent with the existing literature, the two events are associated with a significantly positive announcement effect of ap- proximately 2.5%. However, when examining the two events more carefully, several important results are obtained. First, a firm's motivation for announcing the two events is completely different. Second, the positive stock market reaction is closely related to associated changes in a firm's payout policy, but the relationship varies for the two types of events. Finally, there is only very weak evidence for a change in the liquidity of the stock. On the whole, after controlling for the firm's payout policy, the results suggest that a stock split is a cosmetic event and that a stock dividend on its own is considered negative news. Key words: Stock splits; Stock dividends; Cash dividends; Signaling; Liquidity.

The Effect of Stock Dividends on the Market Price of Shares

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Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (1 download)

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Book Synopsis The Effect of Stock Dividends on the Market Price of Shares by : Ray E. Brackett (Jr.)

Download or read book The Effect of Stock Dividends on the Market Price of Shares written by Ray E. Brackett (Jr.) and published by . This book was released on 1952 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Principles of Accounting Volume 1 - Financial Accounting

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Publisher :
ISBN 13 : 9781680922912
Total Pages : 1056 pages
Book Rating : 4.9/5 (229 download)

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Book Synopsis Principles of Accounting Volume 1 - Financial Accounting by : Mitchell Franklin

Download or read book Principles of Accounting Volume 1 - Financial Accounting written by Mitchell Franklin and published by . This book was released on 2019-04-11 with total page 1056 pages. Available in PDF, EPUB and Kindle. Book excerpt: The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

Earnings and Stock Splits (Classic Reprint)

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Publisher : Forgotten Books
ISBN 13 : 9780331631852
Total Pages : 36 pages
Book Rating : 4.6/5 (318 download)

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Book Synopsis Earnings and Stock Splits (Classic Reprint) by : Paul M. Healy

Download or read book Earnings and Stock Splits (Classic Reprint) written by Paul M. Healy and published by Forgotten Books. This book was released on 2017-11-21 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Earnings and Stock Splits The objective of this paper is to examine whether stock splits convey information about firms' earnings in the period surrounding the split announcements. In order to mitigate any confounding effects of simultaneous dividend changes, only firms that do not pay cash dividends at the time of the stock split are included in the sample. Our tests, based on a sample of 121 stock split announcements from the period 1970-1980, lead to several conclusions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Stock Dividend

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ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis The Stock Dividend by : M. Richard Sussman

Download or read book The Stock Dividend written by M. Richard Sussman and published by . This book was released on 1962 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Empirical Study of Stock Splits and Stock Dividends, Their Accounting Treatments and the Market's Perception of the Economic Value

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Publisher :
ISBN 13 :
Total Pages : 131 pages
Book Rating : 4.:/5 (256 download)

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Book Synopsis An Empirical Study of Stock Splits and Stock Dividends, Their Accounting Treatments and the Market's Perception of the Economic Value by : William Donald Nichols

Download or read book An Empirical Study of Stock Splits and Stock Dividends, Their Accounting Treatments and the Market's Perception of the Economic Value written by William Donald Nichols and published by . This book was released on 1986 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Informational Impact of Announcements of Stock Dividends and Stock Splits

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ISBN 13 : 9789515552600
Total Pages : 20 pages
Book Rating : 4.5/5 (526 download)

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Book Synopsis The Informational Impact of Announcements of Stock Dividends and Stock Splits by : Eva Liljeblom

Download or read book The Informational Impact of Announcements of Stock Dividends and Stock Splits written by Eva Liljeblom and published by . This book was released on 1987 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measurement Effects and the Variance of Returns after Stock Splits and Stock Dividends

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Measurement Effects and the Variance of Returns after Stock Splits and Stock Dividends by : Jennifer L. Koski

Download or read book Measurement Effects and the Variance of Returns after Stock Splits and Stock Dividends written by Jennifer L. Koski and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the relation between two institutional factors affecting stock price measurement, the bid-ask spread and price discreteness, and the increase in return variance after ex-dates of stock splits and stock dividends. Controlling for these measurement effects, the variance of daily returns still increases significantly after stock distributions. The variance of weekly returns also increases significantly, and the variance of returns for a control sample of nonsplitting firms shows no significant increase. Variance ratio tests show that bid-ask errors are small for NYSE stocks that split and therefore could not account for the large increase in variance. Price discreteness and the bid-ask spread do not explain increased variance after stock distributions.

Stock Splits and Stock Dividends

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ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Stock Splits and Stock Dividends by : wissem daadaa

Download or read book Stock Splits and Stock Dividends written by wissem daadaa and published by . This book was released on 2016 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent theoretical researches in equity market consider that the enhanced liquidity is the principal motivation for stock splits and stock dividends, however, empirical studies find different results and even a decline in liquidity after the announcements or the effectives dates (ex dates) of theses events. In this paper, we analyze the stock splits and stock dividends effects on liquidity using bid ask spread measures. The sample is composed of all the stock splits and stock dividends announcements on Tunisia Stock Exchange (TSE), between 1990 and 2010. We test the change of the various indicators liquidity before the announcement period, between the announcement and the ex date, and after the ex date. The results show an increase in the absolute and relative spread after the ex date of stock splits. This increase in the spread involves an increase in the investor transaction cost, a degradation of the short-term liquidity and the fall of the market quality. This increase is explained by order processing costs and inventory holding costs.

Proceedings of the 4th International Conference on Economic Management and Green Development

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Publisher : Springer Nature
ISBN 13 : 9811653593
Total Pages : 527 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Proceedings of the 4th International Conference on Economic Management and Green Development by : Chunhui Yuan

Download or read book Proceedings of the 4th International Conference on Economic Management and Green Development written by Chunhui Yuan and published by Springer Nature. This book was released on 2021-08-13 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings shed light on selected topics including economic management, public administration, and green development. Featuring scholarly works from the 4th International Conference on Economic Management and Green Development (ICEMGD 2021), this volume of proceedings showcases the papers composed with regard to a diverse range of topics situated at the intersecting field of Economic Management, Public Administration and Green Development. Arising as the top concern of the global community, issues of green development impose challenges for the academia to bridge the interdisciplinary prowess in tackling the gap of knowledge within concerned fields. ICEMGD 2021 is an annual conference initiated by the year of 2017 under the goal of bringing together intellectuals from economics, business management, public administration, and otherwise related spheres for the share of research methods and theoretical breakthroughs. The aim of the proceeding volume is for the integration of social scientific research methods with research into alarming development issues. The ICEMGD 2021 seeks to promote joint initiatives among well-established fields like macro- and microeconomics, international economics, finance, agricultural economics, health economics, business management and marketing strategies, regional development studies, social governance, and sustainable development. Featuring interdisciplinary contributions, this book will be of interest to researchers, academics, professionals and policy makers in the field of economic management, public administration, and development studies.

An empirical Study of stock splits and stock dividends, their accounting treatments and the market's perception of their economic value

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ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.:/5 (311 download)

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Book Synopsis An empirical Study of stock splits and stock dividends, their accounting treatments and the market's perception of their economic value by : William Donald Nichols

Download or read book An empirical Study of stock splits and stock dividends, their accounting treatments and the market's perception of their economic value written by William Donald Nichols and published by . This book was released on 1978 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effect of a Stock Dividend Upon the Market Price of Stock

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ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (2 download)

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Book Synopsis The Effect of a Stock Dividend Upon the Market Price of Stock by : Ray Johnson

Download or read book The Effect of a Stock Dividend Upon the Market Price of Stock written by Ray Johnson and published by . This book was released on 1948 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Valuation of Unlisted Direct Investment Equity

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Publisher : International Monetary Fund
ISBN 13 : 1451873891
Total Pages : 75 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Valuation of Unlisted Direct Investment Equity by : Emmanuel O. Kumah

Download or read book Valuation of Unlisted Direct Investment Equity written by Emmanuel O. Kumah and published by International Monetary Fund. This book was released on 2009-11-01 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the seven valuation methods for unlisted direct investment equity included in the recently adopted IMF Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6). Based on publicly available Danish data, we test the three methods that are generally applicable and find that the choice of valuation method and estimation technique can have a highly significant impact on the international investment position, pointing to the need for further harmonization. The results show that the price-to-book value method generates more robust market value estimates than the price-to-earnings method. This finding suggests that the valuation basis for the forthcoming Coordinated Direct Investment Survey - own funds at book value -will provide useful information for compiling the international investment position.