Further evidence on dividend yields and the ex-dividend day stock price effect

Journal of Financial Research

Volumn 22, Issue 4, 1999, Pages 503-514

  Bhardwaj, Ravinder K ^a   Brooks, Leroy D ^b  

^a WINTHROP UNIVERSITY   (United States)

^b UNIVERSITY OF SOUTH CAROLINA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85015649388     PISSN: 02702592     EISSN: 14756803     Source Type: Journal    
DOI: 10.1111/j.1475-6803.1999.tb00708.x     Document Type: Article

References (14)

1. Barclay, M. J., 1987, Dividends, taxes and common stock prices: The ex-dividend day behavior of stock prices before the income taxes, Journal of Financial Economics 19, 31–44.
2. Brooks. L. D. and C. Edwards, 1980, Marginal stockholders and implied tax rates, Review of Economics and Statistics 62, 616–19.
3. Crossland, M., M. Dempsey, and P. Moizer, 1991, The effect of cum- to ex-dividend changes on UK share prices, Accounting and Business Research 22, 47–50.
4. Elton, E. J. and M. J. Gruber, 1970, Marginal stockholders tax rates and the clientele effect, Review of Economics and Statistics 52, 68–74.
5. Elton. E. J., M. J. Gruber, and J. Rentzler, 1984, The ex-dividend day behavior of stock prices; A re-examination: A comment, Journal of Finance 39, 551–56.
6. Kulay, A., 1982, The ex-dividend day behavior of stock prices: A re-examination of the clientele effect, Journal of Finance 37, 1059–70.
7. Karpoff, J. M. and R. A. Walkling, 1988, Short term trading around ex-dividend days: Additional evidence, Journal of Financial Economics 21, 291–98.
8. Koski, J. L., 1996, A microstructure analysis of ex-dividend stock price behavior before and after the 1984 and 1986 Tax Reform Acts Journal of Business 69, 313–38.
9. Lakonishok, J. and T. Vermaelen, 1983, Tax reform and ex-dividend behavior, Journal of Finance 38, 1157–79.
10. Lakonishok, J. and T. Vermaelen, 1986. Tax induced trading around ex-dividend days, Journal of Financial Economics 16, 287–320.
11. Lamdin, D. J. and C. Hiemstra, 1993, Ex-dividend day share price behavior: Effects of the Tax Reform Act of 1986, Review of Economics and Statistics 75, 778–83.
12. Michaely, R., 1991, Ex-dividend day stock price behavior: The case of the 1986 Tax Reform Act, Journal of Finance 46, 845–59.
13. Poterba. J. M. and L. H. Summers, 1984, New evidence that taxes affect the valuation of dividends, Journal of Finance 39, 1397–1415.
14. Robin, A J., 1991, The impact of the 1986 Tax Reform Act on ex-dividend day returns, Financial Management 20, 60–70.