SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Ex-Day Behavior When Investors and Professional Traders Assume Reverse Roles: The Case of Danish Lottery Bonds
16 references·3 citing·43 second hop
Ex-Day Behavior When Investors and Professional Traders Assume Reverse Roles: The Case of Danish Lottery Bonds (2002)Ex-Day Behavior When Investors and Profes…Cross-Border Investing with Tax Arbitrage: The Case of German Dividend Tax Credits (2001)Cross-Border Investing with T…Ex-day behavior with dividend preference and limitations to short-term arbitrage: the case of Swedish lottery bonds (1999)Ex-day behavior with dividend…Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes (1998)Why do stock prices drop by l…Ex dividend day stock price behavior: discreteness or tax-induced clienteles? (1998)Ex dividend day stock price b…Trading Volume with Private Valuation: Evidence from The Ex-Dividend Day (1996)Trading Volume with Private V…The ex-dividend-day behavior of stock prices: the case of Japan (1995)The ex-dividend-day behavior …The Effect of Tax Heterogeneity on Prices and Volume around the Ex-Dividend Day: Evidence from the Milan Stock Exchange (1995)The Effect of Tax Heterogenei…Ex-Dividend Price Behavior of Common Stocks (1994)Ex-Dividend Price Behavior of…Short-term trading around ex-dividend days (1988)Short-term trading around ex-…Tax Arbitrage and the Existence of Equilibrium Prices for Financial Assets (1987)Tax Arbitrage and the Existen…Dividends, taxes, and common stock prices (1987)Dividends, taxes, and common …Tax-induced trading around ex-dividend days (1986)Tax-induced trading around ex…Equilibrium in a Market with Sequential Bargaining (1985)Equilibrium in a Market with …On interpreting security returns during the ex-dividend period (1984)On interpreting security retu…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…The Ex‐dividend Day: Action On and Off the Danish Exchange (2010)The Ex‐dividend Day: Action O…Ex‐Dividend Day Behavior in the Absence of Taxes and Price Discreteness* (2008)Ex‐Dividend Day Behavior in t…Ex-dividend returns: The Mexican puzzle (2008)Ex-dividend returns: The Mexi…The Association Between Market Determined and Accounting Determined Risk Measures. (1970)The valuation effects of stock splits and stock dividends (1984)Are Seasonal Anomalies Real? A Ninety-Year Perspective (1988)Closed-end fund premia and returns implications for financial market equilibrium (1995)Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors (2006)The Adjustment of Stock Prices to New Information (1969)Stock returns and the weekend effect (1980)The real term structure and consumption growth (1988)Stock Prices and the Supply of Information (1991)The Adjustment of Stock Prices to New Information (2003)Dividends and taxes (1978)Dividends and Taxes: Some Empirical Evidence (1982)Short-sellers, fundamental analysis, and stock returns (2001)Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex‐Dividend Pricing before and after Decimalization (2003)The Cost of Transacting (1968)Differences of Opinion Make a Horse Race (1993)Trading Volume and Serial Correlation in Stock Returns (1993)Differential Interpretation of Public Signals and Trade in Speculative Markets (1995)Investors' Heterogeneity, Prices, and Volume around the Ex-Dividend Day (1995)Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory (2000)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)Dividend Policy, Growth, and the Valuation of Shares (1961)The Investment, Financing, and Valuation of the Corporation (1963)A Theory of Dividends Based on Tax Clienteles (2000)Exchange Rates and Fundamentals (2005)Measuring security price performance (1980)The Relation Between Price Changes and Trading Volume: A Survey (1987)Heteroskedasticity in Stock Return Data: Volume versus GARCH Effects (1990)Trading Volume and Price Reactions to Public Announcements (1991)The effect of personal taxes and dividends on capital asset prices (1979)Capital Market Equilibrium with Transaction Costs (1986)Taxes and Business Strategy: A Planning Approach (1991)Taxes on Tax‐Exempt Bonds (2010)A model of price adjustment (1971)Perfect Equilibrium in a Bargaining Model (1982)Wage Determination and Efficiency in Search Equilibrium (1982)On Money as a Medium of Exchange (1989)On the Efficiency of Matching and Related Models of Search and Unemployment (1990)Over-the-Counter Markets (2004)Dividend Taxes and Implied Cost of Equity Capital (2005)Tax Changes and Asset Pricing (2009)
this work references cited by second hop

References

  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1985Equilibrium in a Market with Sequential Bargaining517 cited
  • 1982The Ex-Dividend Day Behavior of Stock Prices: A Re-Examination of the Clientele Effect440 cited
  • 1986Tax-induced trading around ex-dividend days332 cited
  • 1984On interpreting security returns during the ex-dividend period298 cited
  • 1998Why do stock prices drop by less than the value of the dividend? Evidence from a country without taxes269 cited
  • 1998Ex dividend day stock price behavior: discreteness or tax-induced clienteles?249 cited
  • 1987Dividends, taxes, and common stock prices197 cited
  • 1996Trading Volume with Private Valuation: Evidence from The Ex-Dividend Day183 cited
  • 1994Ex-Dividend Price Behavior of Common Stocks168 cited
  • 1988Short-term trading around ex-dividend days166 cited
  • 2001Cross-Border Investing with Tax Arbitrage: The Case of German Dividend Tax Credits137 cited
  • 1999Ex-day behavior with dividend preference and limitations to short-term arbitrage: the case of Swedish lottery bonds130 cited
  • 1995The ex-dividend-day behavior of stock prices: the case of Japan122 cited
  • 1987Tax Arbitrage and the Existence of Equilibrium Prices for Financial Assets

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

98 cited
  • 1995The Effect of Tax Heterogeneity on Prices and Volume around the Ex-Dividend Day: Evidence from the Milan Stock Exchange94 cited
  • Cited by

    • 2008Ex‐Dividend Day Behavior in the Absence of Taxes and Price Discreteness*25 cited
    • 2008Ex-dividend returns: The Mexican puzzle20 cited
    • 2010The Ex‐dividend Day: Action On and Off the Danish Exchange18 cited