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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Kato, Hideaki | - |
| dc.contributor.author | Tsay, Wenyuh | - |
| dc.date.accessioned | 2023-11-20T03:36:51Z | - |
| dc.date.available | 2023-11-20T03:36:51Z | - |
| dc.identifier.uri | http://ptsldigitalv2.ukm.my:8080/jspui/handle/123456789/629944 | - |
| dc.description.abstract | This study examines the stock market reactions to the announcement of MUSHOs (stock dividends) of Japanese firms. We find that the market, on average, reacts positively to the announcements. However, 121 day cumulative abnormal returns around the announcements is insignificantly negative. The gains on 3 day cumulative abnormal announcement returns are totally offset by the loss on the cumulative abnormal returns before and after the announcements. The market reaction is greater with greater distribution ratios. MUSHOs seem to reflect more on past performance than future performance. MUSHOs by firms with an increase in investment incur stronger market reaction. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Nanyang Business School, Nanyang Technological University | en_US |
| dc.subject | Dividend | en_US |
| dc.subject | MUSHOs | en_US |
| dc.title | Are stock dividends (MUSHOs) Melons or Lemons in Japan? | en_US |
| dc.type | Seminar Papers | en_US |
| dc.format.pages | 104 | en_US |
| dc.identifier.callno | HG4026.A536 1999 sem | en_US |
| dc.contributor.conferencename | Eleventh Annual PACAP/FMA Finance Conference | - |
| dc.coverage.conferencelocation | Pan Pacific Hotel, Singapore | - |
| dc.date.conferencedate | 1999-07-08 | - |
| Appears in Collections: | Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding | |
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