An Analysis Of Price Change Associated With Common Stock Splits PDF Download

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Long-Run Common Stock Returns Following Stock Splits and Reverse Splits

Long-Run Common Stock Returns Following Stock Splits and Reverse Splits
Author: Hemang Desai
Publisher:
Total Pages:
Release: 2012
Genre:
ISBN:

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We examine one- to three-year performance of common stocks following 5596 stock split and 76 reverse split announcements made during the period 1976 to 1991. For stock splits, on average, the one- and three-year buy-and- hold abnormal after the announcement month are 7.05% and 11.87%, respectively. For reverse splits, the corresponding abnormal returns are - 10.76% and -33.90%. The results suggest that the market underreacts to both the stock split and the reverse split announcements. We also provide evidence that the signal in stock splits is related to change in dividends. In particular, the announcement period and the long-run abnormal returns are both positively associated with an increase in dividends.


The Journal of Finance

The Journal of Finance
Author:
Publisher:
Total Pages: 892
Release: 1970
Genre: Finance
ISBN:

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Publishes across all the major fields of financial research. The most widely cited academic journal on finance and one of the most widely cited journals in economics as well.


Dissertation Abstracts

Dissertation Abstracts
Author:
Publisher:
Total Pages: 1366
Release: 1964-09
Genre: Dissertations, Academic
ISBN:

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Catalog of Copyright Entries. Third Series

Catalog of Copyright Entries. Third Series
Author: Library of Congress. Copyright Office
Publisher: Copyright Office, Library of Congress
Total Pages: 1076
Release: 1974
Genre: Copyright
ISBN:

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Principles of Accounting Volume 1 - Financial Accounting

Principles of Accounting Volume 1 - Financial Accounting
Author: Mitchell Franklin
Publisher:
Total Pages: 1056
Release: 2019-04-11
Genre:
ISBN: 9781680922912

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The text and images in this book are in grayscale. A hardback color version is available. Search for ISBN 9781680922929. Principles of Accounting is designed to meet the scope and sequence requirements of a two-semester accounting course that covers the fundamentals of financial and managerial accounting. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today's college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the "why" as well as the "how" aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.