Al-Yahyaee, Khamis H.; Pham, Toan M.; Walter, Terry S. - In: Journal of Banking & Finance 35 (2011) 3, pp. 606-612
Due to its distinctive institutional background, Oman offers a valuable opportunity to examine stock price reactions to dividend announcements. In Oman, (1) there are no taxes on dividends and capital gains, (2) there is a high concentration of share ownership, (3) there is low corporate...