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Financial management
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Who Trades Around the Ex-Dividend Day? Evidence from NYSE Audit File Data - This paper furnishes evidence of significant abnormal trading volume by securities dealers, which is positively related to the stock's dividend yield and negatively related to transaction costs. The study also documents abnormal trading volume patterns that are consistent with corporate dividend-capture trading, but it ...
Koski, Jennifer Lynch
;
Scruggs, John T.
- In:
Financial management
27
(
1998
)
3
,
pp. 58-72
Persistent link: https://www.econbiz.de/10005971888
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