THE EFFECT OF DIVIDEND DISTRIBUTION ON SHARE RETURN IN CHILE
Keywords:
CAPITAL FINANCIERO, DIVIDENDOSAbstract
Numerous studies relating to the field of dividends have been carried out over the past twenty-seven years. The objective of this paper is to contrast it with the Barclay study (1987) and to complement the Venkatesh paper (1989). This piece of research concludes that, contrary to Barclay's findings, on their postclosure date, share returns in chile do not fall in the amount of their dividend, owing to the fact that in this country the effect depends on the type of dividend. Finally, and as a complement to the Venkatesh study, it was determinded that the average volatility of the twenty-five days prior to closure is lower than that evinced in the twenty-five days after closure.Downloads
Download data is not yet available.
Published
2004-12-31
Issue
Section
Research articles
License
Articles are the sole responsibility of their authors, and will not compromise Icesi’s University principles or policies nor those of the Editorial Board of the journal Estudios Gerenciales. Authors authorize and accept the transfer of all rights to the journal, both for its print and electronic publication. After an article is published, it may be reproduced without previous permission of the author or the journal but the author(s), year, title, volume, number and range of pages of the publication must be mentioned. In addition, Estudios Gerenciales must be mentioned as the source (please, refrain from using Revista Estudios Gerenciales).
How to Cite
THE EFFECT OF DIVIDEND DISTRIBUTION ON SHARE RETURN IN CHILE. (2004). Estudios Gerenciales, (93), 99-114. https://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/148
