The authors report the findings of their study of over 400 stocks of public companies that announced at least 20 consecutive increases in their dividends during the period 1999 and 2009. With the assumption that the stock market learns to anticipate future dividend increases from current...

In his article, entitled “Forcing Them to be Free,†Peceny (1999) presents and empirically tests an argument that while most U.S. military interventions are not successful in bringing about democracy, those cases of intervention in which the U.S. also pushes for “free and fair...

In a recent edition of this Journal, Bartholdy and Brown (1999) presented ananalysis of the ex-dividend share price behaviour of shares listed on the NewZealand Stock Exchange. The authors conclude that their results are consistentwith the tax clientele effect (driven by long-term investors) and...