| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 981094 | Procedia Economics and Finance | 2015 | 7 Pages |
Abstract
This paper examines the security returns during ex-dividend period for firms listed on the Muscat Securities Market (MSM). We find stock dividends elicit a significant stock market response. In addition, the abnormal return seems not to be confined to the ex-day in Oman. In particular, the positive abnormal return extends for seven days after the stock dividend ex-day. We also find that larger firms in Oman prefer a higher trading range.
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