The Ex‐Dividend Day Behaviour of Australian Share Prices Pre and Post Imputation
Alex W. Clarke
(The University of Western Australia)
176
Abstract
The corporate dividend decision has been of interest to researchers in finance for many years. Early theoretical and empirical work such as Graham and Dodd [1951], Lintner [1956], Miller and Modigliani [1961] and in part Ball and Brown [1968] concentrated upon the signalling properties of dividend announcements. As a result of this early work, a nexus between dividends and current or foreseeable corporate earnings was proposed.
Citation
Clarke, A.W. (1992), "The Ex‐Dividend Day Behaviour of Australian Share Prices Pre and Post Imputation", Managerial Finance, Vol. 18 No. 1, pp. 34-48. https://doi.org/10.1108/eb018442
Publisher
:MCB UP Ltd
Copyright © 1992, MCB UP Limited