Economic Motivation of the Ex-Dividend Day Anomaly: Evidence from an Alternative Tax Environment
Description:
Several studies have observed that stocks tend to drop by an amount that is less than the dividend on the ex-dividend day, the so-called ex-dividend day anomaly. However, there still remains a lack of consensus for a single explanation of this anomaly. Different from other studies, this dissertation attempts to answer the primary research question: How can investors make trading profits from the ex-dividend day anomaly and how much can they earn? With this goal, I examine the economic motivatio…
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Date:
December 2011
Creator:
Anantarak, Sarin
Partner:
UNT Libraries