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dc.contributor.authorEddy, Albert R
dc.contributor.authorMorse, Joel N.
dc.date.accessioned2017-06-21T19:10:36Z
dc.date.available2017-06-21T19:10:36Z
dc.date.issued2011
dc.description.abstractThis paper models security price reaction to dividend cut announcements in the presence of informed traders and transaction costs. A transaction costs barrier prevents the attainment of a full information equilibrium price prior to the announcement of the cut. An empirical study of transaction costs and price reaction for both common stock and call options indicates that transaction costs may constitute a significant portion of security price reactions to cut announcements. Interestingly, the results of this interpretation allow for the simultaneous presence of dividend signaling and an informed subset of investors.en_US
dc.description.urihttps://www.researchgate.net/profile/Joel_Morse/publication/295878143_Transaction_Costs_And_The_Information_Content_Of_Dividend_Cuts/links/5861514308ae6eb871a88777/Transaction-Costs-And-The-Information-Content-Of-Dividend-Cuts.pdfen_US
dc.format.extent10 pagesen_US
dc.genrejournal articlesen_US
dc.identifierdoi:10.13016/M2BG43
dc.identifier.citationEDDY, Albert R.; MORSE, Joel N.. Transaction Costs And The Information Content Of Dividend Cuts. Journal of Applied Business Research (JABR), [S.l.], v. 6, n. 2, p. 32-40, oct. 2011.en_US
dc.identifier.issn2157-8834
dc.identifier.uri10.19030/jabr.v6i2.6302
dc.identifier.urihttp://hdl.handle.net/11603/4150
dc.language.isoen_USen_US
dc.publisherThe Clute Instituteen_US
dc.relation.isAvailableAtUniversity of Baltimore
dc.subjectdividend cutsen_US
dc.subjecttransaction costsen_US
dc.subjectsecurity price reactionsen_US
dc.titleTransaction Costs And The Information Content Of Dividend Cutsen_US
dc.typeTexten_US


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