WEALTH REDISTRIBUTIONS OR CHANGES IN FIRM VALUE - AN ANALYSIS OF RETURNS TO BONDHOLDERS AND STOCKHOLDERS AROUND DIVIDEND ANNOUNCEMENTS

被引:111
作者
HANDJINICOLAOU, G
KALAY, A
机构
[1] WORLD BANK,NEW YORK,NY 10010
[2] NYU,NEW YORK,NY 10003
关键词
D O I
10.1016/0304-405X(84)90031-X
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
引用
收藏
页码:35 / 63
页数:29
相关论文
共 29 条
[1]   QUARTERLY DIVIDEND AND EARNINGS ANNOUNCEMENTS AND STOCKHOLDERS RETURNS - AN EMPIRICAL-ANALYSIS [J].
AHARONY, J ;
SWARY, I .
JOURNAL OF FINANCE, 1980, 35 (01) :1-12
[2]   IMPERFECT INFORMATION, DIVIDEND POLICY, AND THE BIRD IN THE HAND FALLACY [J].
BHATTACHARYA, S .
BELL JOURNAL OF ECONOMICS, 1979, 10 (01) :259-270
[3]  
Black F., 1976, J PORTF MANAG, P5
[4]  
BLACK F, 1973, J POLITICAL EC, V31, P659
[5]  
BROWN S, 1983, UNPUB USING DAILY ST
[6]   MEASURING SECURITY PRICE PERFORMANCE [J].
BROWN, SJ ;
WARNER, JB .
JOURNAL OF FINANCIAL ECONOMICS, 1980, 8 (03) :205-258
[7]   DIVIDEND INFORMATION, STOCK RETURNS AND MARKET EFFICIENCY .2. [J].
CHAREST, G .
JOURNAL OF FINANCIAL ECONOMICS, 1978, 6 (2-3) :297-330
[9]  
Fama E. F., 1972, THEORY FINANCE
[10]  
Fama E.F., 1969, INT ECON REV, V10, DOI [DOI 10.2307/2525569, 10.2307/2525569]