Essays about: "dividend clientele effect"

Found 4 essays containing the words dividend clientele effect.

  1. 1. Institutional Ownership and Ex-Dividend Day Behaviour: Evidence from Sweden

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Max Segerlund; Diederik ter Welle; [2016]
    Keywords : Ex-dividend; Cum-dividend; Dividend; Ownership heterogeneity; Institutional ownership; Abnormal return; Abnormal volume; Drop-off-ratio; Price anomaly;

    Abstract : This study examines the influence of ownership on ex-dividend prices and trading behaviours. Using institutional ownership as a proxy for ownership heterogeneity, allows us to investigate if tax differences, dividend preferences, transaction costs differences and risk affect the price and trading volume around the ex-dividend day. READ MORE

  3. 2. Dividend Preferences : The Effect of Age and Income in a Swedish Setting

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Elin Brändholm; Adam Gaasvik; [2016]
    Keywords : household finance; dividends; dividend clienteles; age clientele; income clientele; abnormal return;

    Abstract : We examine the existence of dividend clienteles in Sweden using a unique dataset containing yearly information on age, gender, income and portfolio composition of about 200 000 Swedish stockholders. The data covers the years between 2005 and 2010. READ MORE

  4. 3. Determinants of Share Price Movements in Bangladesh : Dividends and Retained Earnings

    University essay from Blekinge Tekniska Högskola/Sektionen för management

    Author : Shohrab Hussain Khan; [2009]
    Keywords : Signaling effect of dividends; Information asymmetry; Dividend clientele effect; Price earnings ratio; Lagged price. ;

    Abstract : Background and Problem Discussion: Financial scholars have been conducting studies of dividend policy for several decades; but different researchers have come to different conclusions. Financial economists have come to different conclusion about factors determining dividend policy and effect of dividend policies on common stock price. READ MORE

  5. 4. Effects of differences in dividend and capital gains taxation on ex-dividend stock price behaviour: A study on the Stockholm Stock Exchange 1991 - 2000

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Fredrik Palm; Gabriel Selinus; [2006]
    Keywords : Ex-day; dividend; taxation; capital gains;

    Abstract : In our thesis we use the Elton & Gruber tax-clientele theory to examine the development of the stock prices on the ex-dividend day to see if the changes in Swedish tax system has had an impact on the price drop quota on the A-list on the Stockholm’s Stock Exchange during the period 1991-2000. We also compare ownership of Swedish and foreign investors to investigate the impact of differences in tax bias on the price drop quota, and if this has changed with the changes in Swedish and foreign tax laws. READ MORE