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The Ex‐Dividend Day Behaviour of Australian Share Prices Pre and Post Imputation

Alex W. Clarke (The University of Western Australia)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1992

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

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MCB UP Ltd

Copyright © 1992, MCB UP Limited