Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift?
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Initiations and omissions of dividend payments are important changes in corporate financial policy. This paper investigates the market reaction to such changes in terms of prices, volume, and changes in clientele. Consistent with the prior literature we find that short run price reactions to
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美国国家经济研究局创建时间：
1994-06-01
