The Evidence Against Stock Split
In this article the results of many studies on the effect of stock split on the shareholders' wealth are reviewed. The results of the research done on stock split are as follows: 1. Stock splits occurred mostly in the hull market. 2. The Market liquidity of stocks decreases after stock split. 3...
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
1996-08-01
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| Series: | تحقیقات مالی |
| Online Access: | https://jfr.ut.ac.ir/article_26026_716f79d30ced6410f47d875a97d3a669.pdf |
| Summary: | In this article the results of many studies on the effect of stock
split on the shareholders' wealth are reviewed. The results of the
research done on stock split are as follows:
1. Stock splits occurred mostly in the hull market.
2. The Market liquidity of stocks decreases after stock split.
3. Stock split has no effect on shareholders' wealths.
4. The information content of stock split causes stock price to go up |
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| ISSN: | 1024-8153 2423-5377 |