Complementarity of Prior Accounting Information: The Case of Stock Dividend Announcement.
提供实证证据，表明资本支出、留存收益、经营现金流和股利历史等先前会计信息有助于解释股票股利公告时市场反应的横截面差异。
Abstract Presents empirical evidence that prior accounting information such as capital expenditure, retained earnings, funds from operations and dividend history is useful in explaining cross-sectional variations in the market response to stock dividend announcements. Information content of disclosures and their usefulness to the investor.