16
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

The ex-dividend day behaviour of Finnish restricted and unrestricted shares

Pages 467-468 | Published online: 05 Oct 2010
 

Abstract

We analyse the ex-dividend day behaviour of two classes of shares whose trading is potentially dominated by investors under different tax regimes because of foreign ownership restrictions. Our results provide evidence in favour of the hypothesis that long-term investors are the marginal investors that determine the stock prices around the ex-dividend day, and against the hypothesis that short-term trading is the driving force behind equilibrium ex-dividend ratios.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.