The focus of this study is on analysing the query : do bonus shares have any causative implications for the changes in share prices ? This includes an analysis of the bonus issues made by the Indian Private Corporate sector and the Post-bonus dividend changes. The Main Issues discussed include : Legal Underpinnings Dividend Changes and the Valuation Effects of Bonus Shares. This study analyses post-bonus-dividend tracks of 415 bonus issues of 249 companies. Using ...
