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An Examination of Ex-Dividend Day Stock Price Movements: The Case of Nontaxable Master Limited Partnership Distributions
8 references·2 citing·43 second hop
An Examination of Ex-Dividend Day Stock Price Movements: The Case of Nontaxable Master Limited Partnership Distributions (1991)An Examination of Ex-Dividend Day Stock P…Ex‐Dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act* (1991)Ex‐Dividend Day Stock Price B…Dividends, taxes, and common stock prices (1987)Dividends, taxes, and common …Tax-induced trading around ex-dividend days (1986)Tax-induced trading around ex…On interpreting security returns during the ex-dividend period (1984)On interpreting security retu…Explaining investor preference for cash dividends (1984)Explaining investor preferenc…Tax Reform and Ex-Dividend Day Behavior (1983)Tax Reform and Ex-Dividend Da…The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect (1982)The Ex-Dividend Day Behavior …Marginal Stockholder Tax Rates and the Clientele Effect (1970)Marginal Stockholder Tax Rate…Ex‐Dividend Day Behavior in the Absence of Taxes and Price Discreteness* (2008)Ex‐Dividend Day Behavior in t…Changes in Organizational Structure and Shareholder Wealth: The Case of Limited Partnerships (1993)Changes in Organizational Str…The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The valuation effects of stock splits and stock dividends (1984)Closed-end fund premia and returns implications for financial market equilibrium (1995)Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization (2003)Tax Changes and Asset Pricing (2009)The Adjustment of Stock Prices to New Information (1969)Stock returns and the weekend effect (1980)Ex dividend day stock price behavior: discreteness or tax-induced clienteles? (1998)Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes (1998)The Adjustment of Stock Prices to New Information (2003)Dividend Policy, Growth, and the Valuation of Shares (1961)Applied Linear Statistical Models. (1975)Measuring security price performance (1980)The Ex-Dividend Day Behavior of Canadian Stock Prices: Tax Changes and Clientele Effects (1984)Taxation, Risk-Taking, and Household Portfolio Behavior (2001)Large Shareholders and Dividends: Evidence from U.S. Tax Reforms (2002)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)New Evidence That Taxes Affect the Valuation of Dividends (1984)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Prospect Theory: An Analysis of Decision under Risk (1979)The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)Prospect theory: An analysis of decision under risk (1988)Mental accounting matters (1999)Investor Psychology and Asset Pricing (2001)The Investment, Financing, and Valuation of the Corporation (1963)A Theory of Dividends Based on Tax Clienteles (2000)Exchange Rates and Fundamentals (2005)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Canadian Business Trusts: A New Organizational Structure (2006)K-20 Partnership: A Definition and Proof of Concept (2007)Payout policy in the 21st century (2005)Shareholder wealth effects of stock dividends in a unique environment (2013)Market Reaction on Dividend Announcement in Oman- An Event Study Methodology (2016)The effect of personal taxes and dividends on capital asset prices (1979)Using daily stock returns (1985)Trading Volume with Private Valuation: Evidence from The Ex-Dividend Day (1996)Jumps and Information Flow in Financial Markets (2011)Volume for Winners and Losers: Taxation and Other Motives for Stock Trading (1986)The behavior of daily stock market trading volume (1989)
this work references cited by second hop

References

  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1984Explaining investor preference for cash dividends687 cited
  • 1982The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect440 cited
  • 1986Tax-induced trading around ex-dividend days331 cited
  • 1984On interpreting security returns during the ex-dividend period296 cited
  • 1991Ex‐Dividend Day Stock Price Behavior: The Case of the 1986 Tax Reform Act*214 cited
  • 1987Dividends, taxes, and common stock prices197 cited
  • 1983Tax Reform and Ex-Dividend Day Behavior150 cited

Cited by

  • 2008Ex‐Dividend Day Behavior in the Absence of Taxes and Price Discreteness*25 cited
  • 1993Changes in Organizational Structure and Shareholder Wealth: The Case of Limited Partnerships23 cited

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