Chen, Zhijuan; Lin, William T.; Ma, Changfeng; Tsai, … - In: The North American Journal of Economics and Finance 28 (2014) C, pp. 358-374
This paper investigates the role of liquidity provisions played by individual investors prior to dividend announcements in Taiwan. We first document a positive relationship between aggregate individual trading before dividend announcements and abnormal stock returns in the one month after the...