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Complementarity of Prior Accounting Information: The Case of Stock Dividend Announcement.

Rajiv D. Banker; Somnath Das

The Accounting Review 1993

Presents empirical evidence that prior accounting information such as capital expenditure, retained earnings, funds from operations and dividend history is useful in explaining cross-sectional variations in the market response to stock dividend announcements. Information content of disclosures and their usefulness to the investor.

DOI
10.2308/tar-9605305910
Volume
68 (1)
Pages
28-47
Language
en
Export
BibTeX
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