Do Price Discreteness and Transactions Costs Affect Stock Returns? Comparing Ex-Dividend Pricing Before and After Decimalization

By John R. Graham, Roni Michaely, Michael R. Roberts. 2003

194 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/ecbff198efb4165a970e278d5a1b908c61df61fd

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Alok Kumar
2. John R. Graham
3. Nemit Shroff
4. Malcolm Baker
5. Murray Z. Frank
6. Campbell R. Harvey
7. Jarrad Harford
8. Vidhan K. Goyal

In Finance

1. Alok Kumar
2. John R. Graham
3. Malcolm P. Baker
4. Jeffrey Wurgler
5. Campbell R. Harvey
6. Malcolm Baker
7. Heiko Jacobs
8. David A. Hirshleifer

In Strategy and Management

1. Alok Kumar
2. John R. Graham
3. Nemit Shroff
4. Malcolm Baker
5. Murray Z. Frank
6. Vidhan K. Goyal
7. Michael R. Roberts
8. Mark T. Leary

Citations in the corpus

• Do Dividend Clienteles Exist? Evidence on Dividend Preferences of Retail Investors (2006, background): “Eades, Hess, and Kim (1984), Green and Rydqvist (1999), and Graham, Michaely, and Roberts (2003) provide corroborating evidence in favor of tax clienteles.”
• The information content of cash dividend announcements in a unique environment (2011, unknown): “This test is used in many studies, including Graham et al. (2003), Kadapakkam and Martinez (2008), and Adams and Mansi (2009).”
• Taxes and Corporate Policies: Evidence from a Quasi Natural Experiment: Taxes and Corporate Policies (2015, unknown): “Graham, Michaely, and Roberts (2003) exploit changes in tick sizes in U.S. markets and do not find evidence consistent with the latter argument.”