메뉴 건너뛰기




Volumn 15, Issue 2, 2004, Pages 147-170

Further evidence on the announcement effect of bonus shares in an imputation tax setting

Author keywords

Australia; Bonus issues; Price reaction; Signaling; Stock dividend

Indexed keywords


EID: 4043067611     PISSN: 10440283     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.gfj.2004.02.001     Document Type: Article
Times cited : (4)

References (31)
  • 2
    • 0000489257 scopus 로고
    • Agenda for research in Pacific-Basin finance
    • S.G. Rhee R.P. Chang (Eds.) Elsevier North Holland
    • J.S. Ang Agenda for research in Pacific-Basin finance In: S.G. Rhee R.P. Chang (Eds.) Pacific-Basin Capital Markets Research vol. 2 1991 Elsevier North Holland
    • (1991) Pacific-Basin Capital Markets Research , vol.2
    • Ang, J.S.1
  • 4
    • 0012638685 scopus 로고
    • Risk and return from equity investments in the Australian mining industry: 1974-83
    • R. Ball Risk and return from equity investments in the Australian mining industry: 1974-833 1986 10-12
    • (1986) JASSA , vol.3 , pp. 10-12
    • Ball, R.1
  • 5
    • 0001773835 scopus 로고
    • Risk and return from equity investments in the Australian mining industry: January 1958-February 1979
    • R. Ball & P. Brown Risk and return from equity investments in the Australian mining industry: January 1958-February 1979 Australian Journal of Management 5 1980 45-66
    • (1980) Australian Journal of Management , vol.5 , pp. 45-66
    • Ball, R.1    Brown, P.2
  • 6
    • 84965567174 scopus 로고
    • Share capitalisation changes, information and the Australian equity market
    • R. Ball P. Brown & F.J. Finn Share capitalisation changes, information and the Australian equity market Australian Journal of Management 2 1977 105-126
    • (1977) Australian Journal of Management , vol.2 , pp. 105-126
    • Ball, R.1    Brown, P.2    Finn, F.J.3
  • 7
    • 21144460898 scopus 로고
    • Complementarity of prior accounting information: The case of stock dividend announcements
    • R.D. Banker S. Das & S.M. Datar Complementarity of prior accounting information: The case of stock dividend announcements Accounting Review 68 1993 28-47
    • (1993) Accounting Review , vol.68 , pp. 28-47
    • Banker, R.D.1    Das, S.2    Datar, S.M.3
  • 8
    • 0030194534 scopus 로고    scopus 로고
    • Detecting abnormal operating performance: The empirical power and specification of test statistics
    • B. Barber & J. Lyon Detecting abnormal operating performance: The empirical power and specification of test statistics Journal of Financial Economics 41 1996 359-399
    • (1996) Journal of Financial Economics , vol.41 , pp. 359-399
    • Barber, B.1    Lyon, J.2
  • 11
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • S. Brown & J. Warner Using daily stock returns: The case of event studies Journal of Financial Economics 14 1985 3-31
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.1    Warner, J.2
  • 13
    • 0038371974 scopus 로고    scopus 로고
    • Dividends, asymmetric information, and agency conflicts: Evidence from a comparison of the dividend policies of Japanese and U.S. firms
    • K.L. Dewenter 7amp; V.A. Warther Dividends, asymmetric information, and agency conflicts: Evidence from a comparison of the dividend policies of Japanese and U.S. firms Journal of Finance 53 1998 879-904
    • (1998) Journal of Finance , vol.53 , pp. 879-904
    • Dewenter, K.L.1    Warther, V.A.2
  • 14
    • 33749638253 scopus 로고
    • Risk measurement when shares are subject to infrequent trading
    • E. Dimson Risk measurement when shares are subject to infrequent trading Journal of Financial Economics 7 1979 197-226
    • (1979) Journal of Financial Economics , vol.7 , pp. 197-226
    • Dimson, E.1
  • 15
    • 0012638503 scopus 로고    scopus 로고
    • Tilting the balance: How to put the 'value' in value management
    • Summer
    • P. Dolan Tilting the balance: How to put the 'value' in value management 1997, Summer 24-29
    • (1997) JASSA , pp. 24-29
    • Dolan, P.1
  • 16
    • 84973189509 scopus 로고
    • The association of stock distribution announcements and earnings performance
    • D.T. Doran & R. Nachtmann The association of stock distribution announcements and earnings performance Journal of Accounting, Auditing & Finance 3 1988 113-132
    • (1988) Journal of Accounting, Auditing & Finance , vol.3 , pp. 113-132
    • Doran, D.T.1    Nachtmann, R.2
  • 17
    • 0000384308 scopus 로고
    • The information content of stock dividend announcements
    • T.W. Foster & D. Vickrey The information content of stock dividend announcements Accounting Review 53 1978 360-370
    • (1978) Accounting Review , vol.53 , pp. 360-370
    • Foster, T.W.1    Vickrey, D.2
  • 19
    • 84986432174 scopus 로고
    • An analysis of shareholder reaction to dividend cuts and omissions
    • C. Ghosh & J.R. Woolridge An analysis of shareholder reaction to dividend cuts and omissions Journal of Financial Research 9 1988 281-294
    • (1988) Journal of Financial Research , vol.9 , pp. 281-294
    • Ghosh, C.1    Woolridge, J.R.2
  • 20
    • 84977717052 scopus 로고
    • Stock splits and stock dividends: Why, who and when?
    • J. Lakonishok & B. Lev Stock splits and stock dividends: Why, who and when? Journal of Finance 42 1987 913-932
    • (1987) Journal of Finance , vol.42 , pp. 913-932
    • Lakonishok, J.1    Lev, B.2
  • 21
    • 0001043565 scopus 로고
    • Let's take the con out of econometrics
    • E.E. Leamer Let's take the con out of econometrics American Economic Review 73 1983 31-43
    • (1983) American Economic Review , vol.73 , pp. 31-43
    • Leamer, E.E.1
  • 22
    • 84978558182 scopus 로고
    • The informational impact of announcements of stock dividends and stock splits
    • E. Lijleblom The informational impact of announcements of stock dividends and stock splits Journal of Business Finance & Accounting 16 1989 681-698
    • (1989) Journal of Business Finance & Accounting , vol.16 , pp. 681-698
    • Lijleblom, E.1
  • 23
    • 0001561481 scopus 로고
    • Data snooping biases in tests of financial asset pricing models
    • A. Lo & C. MacKinlay Data snooping biases in tests of financial asset pricing models Review of Financial Studies 3 1990 431-467
    • (1990) Review of Financial Studies , vol.3 , pp. 431-467
    • Lo, A.1    MacKinlay, C.2
  • 24
    • 0012638977 scopus 로고    scopus 로고
    • Diggers, dreamers and lady luck
    • Autumn
    • T. Ord Diggers, dreamers and lady luck1998, Autumn 2 7
    • (1998) JASSA , pp. 2-7
    • Ord, T.1
  • 25
    • 4644308042 scopus 로고    scopus 로고
    • The effect of Canadian stock splits, stock dividends and reverse splits on the value of the firm
    • I. Masse J.R. Hanrahan & J. Kushner The effect of Canadian stock splits, stock dividends and reverse splits on the value of the firm Quarterly Journal of Business and Economics 36 1997 51-62
    • (1997) Quarterly Journal of Business and Economics , vol.36 , pp. 51-62
    • Masse, I.1    Hanrahan, J.R.2    Kushner, J.3
  • 26
    • 84977711501 scopus 로고
    • Stock dividends, stock splits and signaling
    • M. McNichols & A. Dravid Stock dividends, stock splits and signaling Journal of Finance 45 1990 857-879
    • (1990) Journal of Finance , vol.45 , pp. 857-879
    • McNichols, M.1    Dravid, A.2
  • 27
    • 0000205744 scopus 로고    scopus 로고
    • Share repurchases and firm performance: New evidence on the agency costs of free cash flow
    • T. Nohel & V. Tarhan Share repurchases and firm performance: New evidence on the agency costs of free cash flow Journal of Financial Economics 49 1998 187-222
    • (1998) Journal of Financial Economics , vol.49 , pp. 187-222
    • Nohel, T.1    Tarhan, V.2
  • 29
    • 0031518102 scopus 로고    scopus 로고
    • The market reaction to the choice of accounting method for stock splits and large stock dividends
    • G. Rankine & E.K. Stice The market reaction to the choice of accounting method for stock splits and large stock dividends Journal of Financial and Quantitative Analysis 32 2 1997 161-182
    • (1997) Journal of Financial and Quantitative Analysis , vol.32 , Issue.2 , pp. 161-182
    • Rankine, G.1    Stice, E.K.2
  • 30
    • 0031288058 scopus 로고    scopus 로고
    • Accounting rules and the signaling properties of 20% stock dividends
    • G. Rankine & E.K. Stice Accounting rules and the signaling properties of 20% stock dividends Accounting Review 72 1997 23-46
    • (1997) Accounting Review , vol.72 , pp. 23-46
    • Rankine, G.1    Stice, E.K.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.