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 inEuropean research studies Vol. 22; no. 3; p. 106
Main Authors Frensidy, Budi, Josephine, Irene, Setyawan, Ignatius Roni
Format Journal Article
LanguageEnglish
Published International Strategic Management Association 01.07.2019
Subjects
Capital gains
Dividends
Securities industry
Stock exchanges
Stocks
Indonesia
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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