Stock Splits: Prior and Subsequent Price Relationships

FINN F.J. (1974) Stock Splits: Prior and Subsequent Price Relationships. Journal of Business Finance & Accounting, 1 1: 93-106. doi:10.1111/j.1468-5957.1974.tb00852.x


Author FINN F.J.
Title Stock Splits: Prior and Subsequent Price Relationships
Journal name Journal of Business Finance & Accounting   Check publisher's open access policy
ISSN 1468-5957
Publication date 1974-01-01
Sub-type Article (original research)
DOI 10.1111/j.1468-5957.1974.tb00852.x
Open Access Status Not yet assessed
Volume 1
Issue 1
Start page 93
End page 106
Total pages 14
Subject 1401 Economic Theory
1402 Applied Economics
2003 Language Studies
Abstract Although it has long been recognized that a stock split merely changes the packaging of an investor's claim to earnings, there is widespread belief in the financial community that the split confers some substantive benefits on stockholders. This paper describes an empirical investigation of the effect of split action on stock price. The split action was found to have an insignificant effect, even at a 10% level, on changes in market price over the 12 month period surrounding the split. Copyright
Q-Index Code C1
Institutional Status Unknown

Document type: Journal Article
Sub-type: Article (original research)
Collection: Scopus Import - Archived
 
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Created: Tue, 13 Sep 2016, 14:44:47 EST by System User