메뉴 건너뛰기




Volumn 41, Issue 1, 1996, Pages 111-127

The market's response to recurring events The case of stock splits

Author keywords

Earnings information; Price response; Stock splits

Indexed keywords


EID: 0030139722     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/0304-405X(95)00859-D     Document Type: Article
Times cited : (33)

References (26)
  • 2
    • 0002093572 scopus 로고
    • The impact of initiating dividend payments on shareholders wealth
    • Asquith, Paul and David Mullins, 1983, The impact of initiating dividend payments on shareholders wealth, Journal of Business 56, 77-96.
    • (1983) Journal of Business , vol.56 , pp. 77-96
    • Asquith, P.1    Mullins, D.2
  • 4
  • 5
    • 84993595830 scopus 로고
    • Some time series properties of accounting income numbers
    • Ball, Ray and Ross Watts, 1972, Some time series properties of accounting income numbers, Journal of Finance 27, 663-682.
    • (1972) Journal of Finance , vol.27 , pp. 663-682
    • Ball, R.1    Watts, R.2
  • 6
    • 84977419016 scopus 로고
    • A reexamination of stock splits using moving betas
    • Bar-Yosef, Sasson and Lawrence D. Brown, 1977, A reexamination of stock splits using moving betas, Journal of Finance 32, 1069-1080.
    • (1977) Journal of Finance , vol.32 , pp. 1069-1080
    • Bar-Yosef, S.1    Brown, L.D.2
  • 8
    • 0002237597 scopus 로고
    • Stock splits, stock prices, and transaction costs
    • Brennan, Michael J. and Thomas E. Copeland, 1988, Stock splits, stock prices, and transaction costs, Journal of Financial Economics 22, 83-101.
    • (1988) Journal of Financial Economics , vol.22 , pp. 83-101
    • Brennan, M.J.1    Copeland, T.E.2
  • 10
    • 0000000839 scopus 로고
    • Split information, stock returns and market efficiency-I
    • Charest, Guy, 1978, Split information, stock returns and market efficiency-I, Journal of Financial Economics 6, 265-296.
    • (1978) Journal of Financial Economics , vol.6 , pp. 265-296
    • Charest, G.1
  • 11
    • 84977714126 scopus 로고
    • The effects of stock splits on bid-ask spreads
    • Conroy, Robert M., Robert S. Harris, and Bruce A. Benet, 1990, The effects of stock splits on bid-ask spreads, Journal of Finance 45, 1285-1295.
    • (1990) Journal of Finance , vol.45 , pp. 1285-1295
    • Conroy, R.M.1    Harris, R.S.2    Benet, B.A.3
  • 12
    • 84977369864 scopus 로고
    • Liquidity changes following stock splits
    • Copeland, Thomas E., 1979, Liquidity changes following stock splits, Journal of Finance 34, 115-142.
    • (1979) Journal of Finance , vol.34 , pp. 115-142
    • Copeland, T.E.1
  • 14
    • 0001163995 scopus 로고
    • On corporate governance: A study of proxy contests
    • Dodd, Peter and Jerold B. Warner, 1983, On corporate governance: A study of proxy contests, Journal of Financial Economics 11, 401-438.
    • (1983) Journal of Financial Economics , vol.11 , pp. 401-438
    • Dodd, P.1    Warner, J.B.2
  • 16
    • 0002758163 scopus 로고
    • Quarterly accounting data: Time-series properties and predictive-ability results
    • Foster, George, 1977, Quarterly accounting data: Time-series properties and predictive-ability results, The Accounting Review 52, 1-21.
    • (1977) The Accounting Review , vol.52 , pp. 1-21
    • Foster, G.1
  • 17
    • 0000960258 scopus 로고
    • Book rate-of-return and prediction of earnings changes: An empirical investigation
    • Freeman, Robert, James Ohlson, and Stephen Penman, 1982, Book rate-of-return and prediction of earnings changes: An empirical investigation, Journal of Accounting Research 20, 639-653.
    • (1982) Journal of Accounting Research , vol.20 , pp. 639-653
    • Freeman, R.1    Ohlson, J.2    Penman, S.3
  • 19
    • 0043277332 scopus 로고
    • Earnings information conveyed by dividend initiations and omissions
    • Healy, Paul M. and Krishna G. Palepu, 1988, Earnings information conveyed by dividend initiations and omissions, Journal of Financial Economics 21, 149-175.
    • (1988) Journal of Financial Economics , vol.21 , pp. 149-175
    • Healy, P.M.1    Palepu, K.G.2
  • 20
    • 84986522975 scopus 로고
    • Earnings forecast revisions associated with stock split announcements
    • Klein, Linda S. and David R. Peterson, 1989, Earnings forecast revisions associated with stock split announcements, Journal of Financial Research 12, 319-328.
    • (1989) Journal of Financial Research , vol.12 , pp. 319-328
    • Klein, L.S.1    Peterson, D.R.2
  • 21
    • 44149093434 scopus 로고
    • Reputation and imperfect information
    • Kreps, David M. and Robert Wilson, 1982, Reputation and imperfect information, Journal of Economic Theory 27, 253-279.
    • (1982) Journal of Economic Theory , vol.27 , pp. 253-279
    • Kreps, D.M.1    Wilson, R.2
  • 22
    • 84977717052 scopus 로고
    • Stock splits and stock dividends: Why, who, and when
    • Lakonishok, Joseph and Baruch Lev, 1987, Stock splits and stock dividends: Why, who, and when, Journal of Finance 42, 913-932.
    • (1987) Journal of Finance , vol.42 , pp. 913-932
    • Lakonishok, J.1    Lev, B.2
  • 23
    • 84977727783 scopus 로고
    • The market reaction to stock splits
    • Lamoureaux, Christopher G. and Percy Poon, 1987, The market reaction to stock splits, Journal of Finance 42, 1347-1370.
    • (1987) Journal of Finance , vol.42 , pp. 1347-1370
    • Lamoureaux, C.G.1    Poon, P.2
  • 24
    • 84977711501 scopus 로고
    • Stock dividends, stock splits, and signaling
    • McNichols, Maureen and Ajay Dravid, 1990, Stock dividends, stock splits, and signaling, Journal of Finance 45, 857-879.
    • (1990) Journal of Finance , vol.45 , pp. 857-879
    • McNichols, M.1    Dravid, A.2
  • 25
    • 0000738652 scopus 로고
    • Predation, reputation, and entry deterrence
    • Milgrom, Paul and John Roberts, 1982, Predation, reputation, and entry deterrence, Journal of Economic Theory 27, 280-312.
    • (1982) Journal of Economic Theory , vol.27 , pp. 280-312
    • Milgrom, P.1    Roberts, J.2
  • 26
    • 0000196417 scopus 로고
    • The time series of annual accounting earnings
    • Watts, Ross and Richard Leftwich, 1977, The time series of annual accounting earnings, Journal of Accounting Research 15, 253-271.
    • (1977) Journal of Accounting Research , vol.15 , pp. 253-271
    • Watts, R.1    Leftwich, R.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.