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Is the stock dividend ex-day effect due to market microstructure?: Contrary evidence from Korea

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  • Dhatt, Manjeet S.
  • Kim, Yong H.
  • Mukherji, Sandip

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  • Dhatt, Manjeet S. & Kim, Yong H. & Mukherji, Sandip, 1996. "Is the stock dividend ex-day effect due to market microstructure?: Contrary evidence from Korea," Global Finance Journal, Elsevier, vol. 7(1), pages 89-99.
    • Handle: RePEc:eee:glofin:v:7:y:1996:i:1:p:89-99
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    References listed on IDEAS

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    1. Eades, Kenneth M. & Hess, Patrick J. & Kim, E. Han, 1984. "On interpreting security returns during the ex-dividend period," Journal of Financial Economics, Elsevier, vol. 13(1), pages 3-34, March.
    2. Michaely, Roni, 1991. "Ex-dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act," Journal of Finance, American Finance Association, vol. 46(3), pages 845-859, July.
    3. Dhatt, Manjeet S. & Kim, Yong H. & Mukherji, Sandip, 1995. "Japanese stock price reactions to stock dividend distributions," Pacific-Basin Finance Journal, Elsevier, vol. 3(1), pages 138-138, May.
    4. Woolridge, J Randall, 1983. "Ex-Date Stock Price Adjustment to Stock Dividends: A Note," Journal of Finance, American Finance Association, vol. 38(1), pages 247-255, March.
    5. Brown, Stephen J. & Warner, Jerold B., 1985. "Using daily stock returns : The case of event studies," Journal of Financial Economics, Elsevier, vol. 14(1), pages 3-31, March.
    6. Elton, Edwin J & Gruber, Martin J, 1970. "Marginal Stockholder Tax Rates and the Clientele Effect," The Review of Economics and Statistics, MIT Press, vol. 52(1), pages 68-74, February.
    7. Grinblatt, Mark S. & Masulis, Ronald W. & Titman, Sheridan, 1984. "The valuation effects of stock splits and stock dividends," Journal of Financial Economics, Elsevier, vol. 13(4), pages 461-490, December.
    8. Loderer, Claudio & Zimmermann, Heinz, 1988. "Stock offerings in a different institutional setting : The Swiss case, 1973-1983," Journal of Banking & Finance, Elsevier, vol. 12(3), pages 353-378, September.
    9. Lamoureux, Christopher G & Poon, Percy, 1987. "The Market Reaction to Stock Splits," Journal of Finance, American Finance Association, vol. 42(5), pages 1347-1370, December.
    10. Shleifer, Andrei, 1986. "Do Demand Curves for Stocks Slope Down?," Journal of Finance, American Finance Association, vol. 41(3), pages 579-590, July.
    11. Berkowitz, Stephen A & Logue, Dennis E & Noser, Eugene A, Jr, 1988. " The Total Cost of Transactions on the NYSE," Journal of Finance, American Finance Association, vol. 43(1), pages 97-112, March.
    12. David A. Dubofsky, 1992. "A Market Microstructure Explanation of Ex-Day Abnormal Returns," Financial Management, Financial Management Association, vol. 21(4), Winter.
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