Stock Splits and Attracting Attention: Are Investors Buying Abnormally More Around Stock Split Announcements?

Papiashvili, Nino

doi:10.2139/ssrn.3265165

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2022

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“…This first opinion illustrates that a stock split is like cutting a cake into smaller pieces. Therefore, stock splits are considered cosmetic which only increases the number of outstanding shares without affecting the generated cash flow Papiashvili (2018).…”

Section: Stock Splitmentioning

confidence: 99%

The Market Reaction to Stock Split Announcement

Indriani¹

2022

JBMR

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This study aims to examine the market reaction to the stock split announcement. The market reaction in this research will be proxied with abnormalities that occur around the day of the stock split announcement. This study also examines the relationship between firm size and abnormal returns around the day of the stock split announcement. The population in this study are companies listed on Indonesia Stock Exchange that announced a stock split from 2012-2019. By using purposive sampling, the total sample used in this study was 72 companies. This study's results indicate an abnormal return around the day of the stock split announcement. This study also shows a negative but insignificant relationship between firm size and abnormal returns around the day of the stock split announcement.

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Section: Stock Splitmentioning

confidence: 99%

The Market Reaction to Stock Split Announcement

Indriani¹

2022

JBMR

View full text Add to dashboard Cite

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Stock Splits and Attracting Attention: Are Investors Buying Abnormally More Around Stock Split Announcements?

Cited by 1 publication

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The Market Reaction to Stock Split Announcement

The Market Reaction to Stock Split Announcement

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