We analyze gains from intercorporate sales of mutual fund subsidiaries, using mandated SEC disclosures to assess the performance of mutual funds transferred by these transactions. Sellers are financial conglomerates (banks) using equity-based deals to transfer poorly performing funds to highly...

Purpose: The study's purpose is to examine market returns around dividend announcements that contrast with a pattern of prior dividend announcements. Design/methodology/approach: The paper identifies firms that have a smooth dividend pattern of once-a-year dividend increases but at some point...