Anderson, Hamish D.; Chi, Jing; Ing-aram, Chayot; Liang, Lu - In: Journal of the Asia Pacific economy 16 (2011) 3, pp. 422-447
We examine the stock dividend puzzle in China by analysing the market reaction, who pays more or solely stock dividends compared with cash dividends and why. In general, stock dividends send a positive market signal that is stronger for larger stock dividends and simultaneous cash dividend...