Abstract
The aim of this study is to analyze whether the stock prices decrease at ex-dividend date in Indonesia Stock Exchange (IDX) that is determined by amount of dividend drop-off ratio (DDR). This study also attempts to investigate the differences the stock prices decrease at ex-dividend date based on Investment Opportunity Set (IOS). Sample consist of the companies that announced the dividend during 2010-2012 periods . By using non-parametric tests, especially Chi-square Test and Mann Whitney Test , t he result of this study showed the stock prices decreased less than dividend amount on ex-dividend date. Besides, the non-growth firms experienc ed decrease more than growth firms.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call