Market Reaction to Stock Dividends Evidence from India / Mehta, Chhavi.
By: Mehta, Chhavi
Material type: ArticlePublisher: 2014Description: 55 - 74Subject(s): Variability Of Returns | Trading Liquidity | Abnormal Returns | Event Study | Pure Stock Dividend Announcements In: Vikalpa: The Journal for Decision MakersSummary: This research paper examines the market reaction to the stock dividend decisions captured in terms of stock returns, trading liquidity, and risk in India. The empirical findings of the study reveal significant abnormal returns surrounding announcement date, perceiving stock dividends as signals of brighter future prospects. The findings include a decline in liquidity and a reduction in variability of returns.Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles | Ahmedabad (HO) | (Browse shelf) | Vol. 39, Issue. 4 | Available | 018845 |
This research paper examines the market reaction to the stock dividend decisions captured in terms of stock returns, trading liquidity, and risk in India. The empirical findings of the study reveal significant abnormal returns surrounding announcement date, perceiving stock dividends as signals of brighter future prospects. The findings include a decline in liquidity and a reduction in variability of returns.
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