Showing 1 - 10 of 29
Persistent link: https://www.econbiz.de/10007785590
Persistent link: https://www.econbiz.de/10006803482
Persistent link: https://www.econbiz.de/10007017678
Persistent link: https://www.econbiz.de/10011954897
Persistent link: https://www.econbiz.de/10003862004
Persistent link: https://www.econbiz.de/10010347311
Persistent link: https://www.econbiz.de/10003160333
Persistent link: https://www.econbiz.de/10002532645
A widely cited finding from Grinblatt et al. (1984) (GMT) is that the market response to the announcement of a small stock distribution is greater than the response to a large one. However, the GMT result does not hold from the early 1980's through the end of the 1990's. We examine whether the...
Persistent link: https://www.econbiz.de/10012729449
The retained earnings hypothesis predicts that stock distributions accounted for by reducing retained earnings are a more credible signal of managerial optimism than stock distributions that do not reduce retained earnings. This study examines the costs of false signaling that are a necessary...
Persistent link: https://www.econbiz.de/10012739180