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- W2016175265 abstract "We study ex-dividend returns in Mexico, where an imputation system entitles individual investors to a net dividend tax credit. Based on taxation, we expect ex-day abnormal returns to be negative or at most zero in Mexico. However, they are significantly positive. Because ex-day returns are positive even for stocks restricted to Mexican nationals, they are not attributable to foreign stockholders’ tax considerations. None of the market microstructure-based hypothesis in the literature can explain these positive ex-day returns. Ex-day returns in Mexico are a puzzle." @default.
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- W2016175265 date "2008-11-01" @default.
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- W2016175265 title "Ex-dividend returns: The Mexican puzzle" @default.
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- W2016175265 doi "https://doi.org/10.1016/j.jbankfin.2008.05.001" @default.
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