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Stock dividends in Germany an empirical analysis.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: DIRK STURZ
Formato: Electrónico eBook
Idioma:Alemán
Publicado: [S.l.] : DUNCKER & HUMBLOT, 2020.
Colección:Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a DIRK STURZ. 
245 1 0 |a Stock dividends in Germany  |h [electronic resource] :  |b an empirical analysis. 
260 |a [S.l.] :  |b DUNCKER & HUMBLOT,  |c 2020. 
300 |a 1 online resource 
490 1 |a Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim ;  |v v.50 
505 0 |a Intro -- Preface -- Table of Contents -- Tables -- Figures -- I Introduction -- II Regulatory Framework -- II.1 Basic Conditions -- II.1.a Stock Dividends, Stock Splits and Accounting -- II.1.b Bonus Shares -- II.1.c Effects on the Par Value -- II.2 Further Legal Implications -- II.2.a Restrictions for Future Equity Issuances -- II.2.b Distribution of Funds -- II.3 Conclusions -- III Theory and Empirical Evidence -- III.1 Theoretical Considerations on Stock Distributions -- III.1.a Classification of Existing Approaches -- III.1.b Signaling Theory -- III.1.b.1 Fundamentals of Signaling 
505 8 |a III.1.b.2 Stock Distributions as Signals -- III.1.b.2.1 Retained Earnings Hypothesis -- III.1.b.2.2 Reputation of the Management -- III.1.b.2.3 Neglected Firm -- III.1.b.2.4 Trading Range as a Signal -- III.1.c Liquidity and Further Explanations -- III.1.c.1 Trading Range Hypothesis -- III.1.c.2 Further Explanations -- III.1.d Jensen's Free Cash Flow Hypothesis -- III.1.e Conclusions -- III.2 Empirical Evidence -- III.2.a Evidence from the US -- III.2.a.1 Signaling Effects -- III.2.a.2 Liquidity Effects -- III.2.b Evidence from Germany -- III.2.b.1 General Findings -- III.2.b.2 Signaling Effects 
505 8 |a III.2.b.3 Liquidity Effects -- IV Data and Methodology -- IV.1 Descriptive Data -- IV.1.a Data Collection -- IV.1.b Size of the Firms -- IV.1.c Distributions of Events through Time -- IV.1.d Split Ratio -- IV.2 Event Study Design -- IV.2.a Market Efficiency -- IV.2.b Computation of Abnormal Returns -- IV.2.b.1 Discrete and Continuous Returns -- IV.2.b.2 Modeling Normal Returns -- IV.2.c Statistical Estimation of Normal and Abnormal Returns -- IV.2.d Test of Significance -- IV.3 Proxy for Jensen's Free Cash Flow -- V Data Analysis -- V.1 Announcement Effect of Stock Dividends 
505 8 |a V.1.a Estimation of Abnormal Returns -- V.1.b Analysis of Abnormal Returns -- V.1.b.1 Cumulative Abnormal Returns for the Total Sample -- V.1.b.2 Diluted Events -- V.1.b.3 Special Distributions -- V.1.b.4 Euro Converters -- V.1.b.5 Split Ratio Effects -- V.1.b.6 Bonus Shares -- V.1.b.7 Cash Dividends -- V.1.b.8 Market Value -- V.2 Test of the Free Cash Flow Hypothesis -- V.2.a Cash Flow and Tobin's q -- V.2.b Free Cash Flow Proxy -- VI Conclusions -- Appendices -- References 
590 |a JSTOR  |b Books at JSTOR All Purchased 
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650 0 |a Dividends  |z Germany. 
650 6 |a Dividendes  |z Allemagne. 
650 7 |a Dividends.  |2 fast  |0 (OCoLC)fst00895729 
651 7 |a Germany.  |2 fast  |0 (OCoLC)fst01210272 
776 0 8 |i Print version:  |a Sturz, Dirk  |t Stock Dividends in Germany. : An Empirical Analysis  |d Berlin : Duncker & Humblot,c2020  |z 9783896736871 
830 0 |a Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim. 
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