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Stock Dividends in Germany
An Empirical Analysis
Dirk Sturz
Livre broché | Allemand | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim | n° 50
68,95 €
+ 137 points
Description
Stock distributions can affect the number of outstanding shares and the equity structure of a firm. From a neoclassical perspective, neither should have any effect on market value. However, a respectable number of empirical studies disclose overwhelming evidence that stock markets have a significantly positive reaction to the announcement of stock distributions.
Despite the broad consensus about the positive market reaction, the possible causes are still debated. Focusing on stock dividends, which are a special type of stock distribution, this study revisits this puzzle and provides deeper insight into the economic ramifications of changes in the equity structure.
Despite the broad consensus about the positive market reaction, the possible causes are still debated. Focusing on stock dividends, which are a special type of stock distribution, this study revisits this puzzle and provides deeper insight into the economic ramifications of changes in the equity structure.
Spécifications
Parties prenantes
- Auteur(s) :
- Editeur:
Contenu
- Nombre de pages :
- 160
- Langue:
- Allemand
- Collection :
- Tome:
- n° 50
Caractéristiques
- EAN:
- 9783896736871
- Date de parution :
- 01-11-14
- Format:
- Livre broché
- Format numérique:
- Trade paperback (VS)
- Dimensions :
- 147 mm x 211 mm
- Poids :
- 272 g
