Market efficiency and Exdividend period: Tax and microstructural effects for the colombian case

Santiago Murillo; Elizabeth Arroyave; Nini Marín

Market efficiency and Exdividend period: Tax and microstructural effects for the colombian case

Santiago Murillo, Elizabeth Arroyave, Nini Marín

Resultado de la investigación: Contribución a una revista › Artículo › revisión exhaustiva

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© 2017. Financial efficiency theory postulates that rational investors act in a stock market using all available information at a time, in particular, asymmetries in information. This research seeks to determine if there is an improvement of Market Efficiency in Colombia's Stock Exchange due to the implementation of resolution 296/12 of the Financial Superintendence of Colombia, which decreased the ExDividend Period, by calculating and analyzing ExDividend Performance.

Idioma original	Inglés estadounidense
Publicación	Espacios
Estado	Publicada - 1 ene. 2017

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title = "Market efficiency and Exdividend period: Tax and microstructural effects for the colombian case",

abstract = "{\textcopyright} 2017. Financial efficiency theory postulates that rational investors act in a stock market using all available information at a time, in particular, asymmetries in information. This research seeks to determine if there is an improvement of Market Efficiency in Colombia's Stock Exchange due to the implementation of resolution 296/12 of the Financial Superintendence of Colombia, which decreased the ExDividend Period, by calculating and analyzing ExDividend Performance.",

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N2 - © 2017. Financial efficiency theory postulates that rational investors act in a stock market using all available information at a time, in particular, asymmetries in information. This research seeks to determine if there is an improvement of Market Efficiency in Colombia's Stock Exchange due to the implementation of resolution 296/12 of the Financial Superintendence of Colombia, which decreased the ExDividend Period, by calculating and analyzing ExDividend Performance.

AB - © 2017. Financial efficiency theory postulates that rational investors act in a stock market using all available information at a time, in particular, asymmetries in information. This research seeks to determine if there is an improvement of Market Efficiency in Colombia's Stock Exchange due to the implementation of resolution 296/12 of the Financial Superintendence of Colombia, which decreased the ExDividend Period, by calculating and analyzing ExDividend Performance.

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Market efficiency and Exdividend period: Tax and microstructural effects for the colombian case

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