Price Formation around Dividend Announcement Date: Empirical Evidence in Indonesian Stock Exchange

Originality/Value: Our study is the first to link bid and ask price to the price formation process before and after the dividend announcement date. The results of this test have answered the question that there are price changes during the dividend distribution event for testing individual levels of...

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Bibliographic Details
Published in:European research studies 2019-07, Vol.22 (3), p.106
Main Authors: Frensidy, Budi, Josephine, Irene, Setyawan, Ignatius Roni
Format: Article
Language:English
Subjects:
Capital gains
Dividends
Securities industry
Stock exchanges
Stocks
Online Access:Get full text
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Summary:Originality/Value: Our study is the first to link bid and ask price to the price formation process before and after the dividend announcement date. The results of this test have answered the question that there are price changes during the dividend distribution event for testing individual levels of the company.
ISSN:1108-2976