Jayaraman, Narayanan; Shastri, Kuldeep - In: Journal of Financial and Quantitative Analysis 23 (1988) 03, pp. 301-312
This paper examines the valuation impacts of specially designated dividends (SDDs) by analyzing the behavior of stock and bond prices on dates surrounding their announcements. The evidence presented here suggests that SDDs are considered positive signals by the market, with (most of) the gains...