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Stock Split Decisions

Stock Split Decisions
Author: Junbo Wang
Publisher:
Total Pages:
Release: 2013
Genre:
ISBN:

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This paper reviews various studies of forward and reverse stock splits in the areas of motives for splits, split practices, split effects on firm value, and changes in market activities around splits. It focuses on three hypotheses and their extended evidence. As our analysis shows, the optimal price/tick hypothesis is widely supported and applied; the signaling hypothesis is supported by limited empirical results; and the procedure/structure hypothesis, backed up by some evidence, complements the first and second hypotheses.


Stock Split Decisions

Stock Split Decisions
Author: Yan He
Publisher:
Total Pages: 19
Release: 2015
Genre:
ISBN:

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This paper reviews various studies of forward and reverse stock splits in the areas of motives for splits, split practices, split effects on firm value, and changes in market activities around splits. It focuses on three hypotheses and their extended evidence. As our analysis shows, the optimal price/tick hypothesis is widely supported and applied; the signaling hypothesis is supported by limited empirical results; and the procedure/structure hypothesis, backed up by some evidence, complements the first and second hypotheses.


Split Decision

Split Decision
Author: Ice-T
Publisher: Simon and Schuster
Total Pages: 304
Release: 2023-05-02
Genre: Biography & Autobiography
ISBN: 1982148780

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Award-winning actor, rapper, and producer Ice-T unveils a compelling memoir of his early life robbing jewelry stores until he found fame and fortune—while a handful of bad choices sent his former crime partner down an incredibly different path. Ice-T rose to fame in the late 1980s, earning acclaim for his music before going on to enthrall television audiences as Odafin “Fin” Tutuola in Law & Order: Special Victims Unit. But it could have gone much differently. In this “poignant and powerful” (Library Journal, starred review) memoir, Ice-T and Spike, his former crime partner—collaborating with New York Times bestselling author Douglas Century—relate the shocking stories of their shared pasts, and how just a handful of decisions led to their incredibly different lives. Both grew up in violent, gang-controlled Los Angeles neighborhoods and worked together to orchestrate a series of jewelry heists. But while Ice-T was discovered rapping in a club and got his first record deal, Spike was caught for a jewelry robbery and did three years in prison. As his music career began to take off, Ice made the decision to abandon the criminal life; Spike continued to plan increasingly ingenious and risky jewel heists. And in 1992, after one of Spike’s robberies ended tragically, he was sentenced to thirty-five years to life. While he sat behind bars, he watched his former partner rise to fame in music, movies, and television. “Propulsive” (Publishers Weekly, starred review), timely, and thoughtful, two men with two very different lives reveal how their paths might have very well been reversed if they made different choices. All it took was a split decision.


Signaling Through Timing of Stock Splits

Signaling Through Timing of Stock Splits
Author: Maria Chiara Iannino
Publisher:
Total Pages: 49
Release: 2020
Genre:
ISBN:

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We develop a dynamic structural model of stock splits, in which managers can signal their private information though the timing of the split decisions. Our approach is consistent with the empirical evidence that shows that the majority of stock splits have 2:1 ratio but are announced at various initial price levels. The model allows us to estimate the preferences of investors about nominal share price levels from stock split data. In addition, we can decompose the split announcement return into the value of new information and the signaling costs. Our estimates show the signaling cost could reach 0.5% for some stock splits.


Split Decisions

Split Decisions
Author: Janet Halley
Publisher: Princeton University Press
Total Pages: 424
Release: 2008-04-01
Genre: Social Science
ISBN: 9781400827350

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Is it time to take a break from feminism? In this pathbreaking book, Janet Halley reassesses the place of feminism in the law and politics of sexuality. She argues that sexuality involves deeply contested and clashing realities and interests, and that feminism helps us understand only some of them. To see crucial dimensions of sexuality that feminism does not reveal--the interests of gays and lesbians to be sure, but also those of men, and of constituencies and values beyond the realm of sex and gender--we might need to take a break from feminism. Halley also invites feminism to abandon its uncritical relationship to its own power. Feminists are, in many areas of social and political life, partners in governance. To govern responsibly, even on behalf of women, Halley urges, feminists should try taking a break from their own presuppositions. Halley offers a genealogy of various feminisms and of gay, queer, and trans theories as they split from each other in the United States during the 1980s and 1990s. All these incommensurate theories, she argues, enrich thinking on the left not despite their break from each other but because of it. She concludes by examining legal cases to show how taking a break from feminism can change your very perceptions of what's at stake in a decision and liberate you to decide it anew.


Insider Ownership and Signals

Insider Ownership and Signals
Author: Ki C. Han
Publisher:
Total Pages:
Release: 2001
Genre:
ISBN:

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This study examines whether investors regard the level of insider ownership of a firm as useful for evaluating stock split decisions. Results show that the abnormal returns at the announcement of stock splits are positively related to the level of insider ownership. The results prevail even after controlling for other relevant factors. Further analysis indicates the positive relation exists for small firms, but not for large firms. This indicates the market evaluates stock split decisions within the context of both insider ownership and information asymmetry.


Split Decisions and Other Word Puzzles

Split Decisions and Other Word Puzzles
Author: George Bredehorn
Publisher:
Total Pages: 0
Release: 1998
Genre: Puzzles
ISBN: 9780806959627

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Anagram loops, mixagrams, pentads, and phrase forays: if you love wordplay, these intriguing puzzles are better than crosswords! They don't have those awful, never-before-heard words meant just to trip you up. And 7 out of these 10 puzzles have no clues at all! You complete them by doing anagrams or by using the three or four letters provided to get you started. Begin with the simplest and make your way up the ladder to the hardest and trickiest. Split decisions have letter pairs in a grid, surrounded by empty squares. Each answer consists of a pair of words that share the letters that should be entered in those squares. For example: Go two by two to complete miniature crisscross puzzles: the vowels are there, but you have to add the correct consonants. Mixagrams have a five- and a four-letter word on each line; their letters have been mixed together, but their order is unchanged--just like this: D A R I U N V E T = DRIVE + AUNT It's hours and hours of braintwisting! 96 pages, 63 b/w illus., 5 3/8 x 8 1/4.


Training Your Mind for Split-Second Decisions

Training Your Mind for Split-Second Decisions
Author: Geoffrey Mount Varner
Publisher: Beyond the Book Media LLC
Total Pages: 134
Release: 2020-06-11
Genre: Business & Economics
ISBN: 9781734256666

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We make about 35,000 decisions every day. Most of them are mundane and not significant, but about 70 of those decisions are life-changing and life-altering split-second decisions. What are split-second decisions? They are decisions made when the following factors are involved: time constraint, limited information, and critical consequences. This is also known as the TLC framework. In this book, you will learn: ① Specific strategies to improve and maximize your split-second decision-making ability. ② To manage decision fatigue, which is the decrease in your ability to make optimal decisions as the day progresses, especially if you had to make several mundane decisions throughout the day. ③ The required rules for making split-second decisions- i.e., no decision is a decision. You must decide. If you are an executive, business leader, chief, first responder, or in a leadership role, the framework for split-second decisions is a tool that gives you an advantage in making optimal decisions at the most critical times. When making split-second decisions, you have either been trained or you are guessing. The same is true for your employees and those you lead. They have either been taught and have a clear framework for what and how to respond during these critical times, or they are guessing. Split-second decisions teach extraordinary leaders how to make exceptional decisions and help move good teams to greatness.


Earnings and Stock Splits (Classic Reprint)

Earnings and Stock Splits (Classic Reprint)
Author: Paul M. Healy
Publisher: Forgotten Books
Total Pages: 36
Release: 2017-11-21
Genre: Business & Economics
ISBN: 9780331631852

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Excerpt from Earnings and Stock Splits The objective of this paper is to examine whether stock splits convey information about firms' earnings in the period surrounding the split announcements. In order to mitigate any confounding effects of simultaneous dividend changes, only firms that do not pay cash dividends at the time of the stock split are included in the sample. Our tests, based on a sample of 121 stock split announcements from the period 1970-1980, lead to several conclusions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


Stock Splits and the Trading Speed Improvement Hypothesis

Stock Splits and the Trading Speed Improvement Hypothesis
Author: Ji-Chai Lin
Publisher:
Total Pages: 47
Release: 2008
Genre:
ISBN:

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Managers have repeatedly indicated in surveys that stock splits are intended to improve liquidity. However, previous studies using bid-ask spread and turnover as measures of liquidity find results to the contrary. This paper offers a new perspective on the issue. Stock splits can make buying shares more affordable to smaller investors, and split-induced higher trading costs can help attract more brokers to promote the stock and new limit-order traders to supply liquidity. Accordingly, we hypothesize that managers of firms facing order execution difficulty and lock-in risk have incentives to use stock splits to improve trading speed at the expense of higher trading costs. Consistent with the hypothesis, we find evidence that firms face trading difficulty prior to splits, and following the split trading speed improves. On average, about 72 percent of the split announcement returns could be attributed to the net benefit of anticipated trading speed improvement. Our findings indicate that trading difficulty is an important factor in firms' split decisions, and that the benefit of the improved trading speed outweighs the increased trading costs.