| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963412 | Journal of International Financial Markets, Institutions and Money | 2013 | 12 Pages |
Abstract
⺠We examine the effect of the reduction in tick size on ex-dividend day stock price behavior. ⺠We find that ex-day premiums increase and abnormal returns decrease as the tick size become smaller. ⺠We do not find any significant increase in abnormal volume with the reduction in tick size. ⺠We also find that the ex-day premium decreases as the dividend yield increases.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Khamis Hamed Al-Yahyaee,