Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey
Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey
Honors Projects in Finance
The main focus of this thesis is to analyze the behavior of stock price on ex-dividend day of ADRs in Spain, Mexico, and Chile. Announcement date, and ex-dividend date for each ADR is collected to be analyzed against the other ADRs. One would expect different behaviors in the different markets because of different tax treatments in Chile, Mexico, and Spain. Traditional event testing is being used to analyze the stock price behavior on and around ex-dividend days. The event test measures the impact of regulatory events and allows for abnormal changes in stock prices that occur in conjunction with dividend …