Utility Stock Splits: Signaling Motive Versus Liquidity Motive
Despite the rich literature on theories of stock splits, studies have omitted public utility firms from their analysis and only analyzed split by industrial firms when examining managerial motives for splitting their stock. I examine the liquidity-marketability hypothesis, which states that stoc...
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| Format: | Others |
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ScholarWorks@UNO
2005
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| Online Access: | http://scholarworks.uno.edu/td/269 http://scholarworks.uno.edu/cgi/viewcontent.cgi?article=1302&context=td |