Results 191 to 200 of about 1,404,785 (252)

The Tesla stock split experiment

Journal of Asset Management, 2020
On August 11, 2020, at 16:59 EDT, Tesla announced a 5-for-1 stock split. The trading in the after-market and during the subsequent 2 days amounts to a unique financial economic experiment. Although stock splits have no fundamental impact on value, Tesla’s stock price rose 17.94% in the 2 days following the split—adding almost $50 billion in market ...
Bradford Cornell
exaly   +2 more sources

Stock Splits, a Survey [PDF]

SSRN Electronic Journal, 2009
In this survey paper I summarize the literature's findings on the short-run and long-run effects of stock split announcements as well as what happens in the preceding and subsequent years around a stock split event. I also summarize how firm characteristics influence these results.
openaire   +1 more source

Earnings and Stock Splits.

The Accounting Review, 1989
Abstract ABSTRACT: This paper examines whether stock Splits convey Information about earnings. The results Indicate that firms split their shares after a significant Increase in earnings. Before the stock split announcement, the market expects these earnings Increases to be temporary. The split announcement leads investors to increase
Healy, Paul M., Asquith, Paul, Palepu, Krishna G.   +2 more
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The Impact of Stock Splits on Stock Prices

Advances in Economics, Management and Political Sciences, 2023
Stock splits can increase liquidity and also attract smaller investors, although no single study has shown that stock splits have an effect on stock prices. The primary aim of this project was to find the impact of stock splits on stock prices. This paper uses Amazon and Google stock price data for research.
Xinyu Ge, Lin Li, Han Leng
openaire   +1 more source

Stock Dividends, Stock Splits, and Signaling

The Journal of Finance, 1990
ABSTRACTThis paper provides evidence that firms signal their private information about future earnings by their choice of split factor. Split factors are increasing in earnings forecast errors, after controlling for differences in pre‐split price and firm size.
McNichols, Maureen, Dravid, Ajay
openaire   +1 more source

Stock Market Reactions to the Announcements and Executions of Stock-Splits and Reverse Stock-Split [PDF]

Białostockie Teki Historyczne, 2013
Summary The aim of this paper is to analyze the stock market investors reactions to the events of announcement and execution of stock-splits and reverse stock-splits carried out on Warsaw Stock Exchange (WSE) during the period 2004-2012. The study puts the emphasis on the differences between market reactions to standard stock-splits and reverse stock ...
Jamróz, Paweł, Koronkiewicz, Grzegorz
exaly   +3 more sources

The Performance of Stocks that are Reverse Split

Review of Quantitative Finance and Accounting, 2006
An unusually high number of Nasdaq National Market stocks were reverse split following the decline in Nasdaq prices in the year 2000. We test whether these splits were driven by the overall market decline. We find that the performance of stocks with reverse splits in poor overall stock market conditions is better (less negative) than that in good ...
Terrence F. Martell, Gwendolyn P. Webb
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The Market Reaction to Stock Splits

The Journal of Finance, 1987
ABSTRACTIn this paper, a model of market reaction to stock splits is presented and tested. We argue that the announcement of a split sets off the following chain of events. The market recognizes that, subsequent to the (reverse) split ex‐day, the daily number of transactions along with the raw volume of shares traded will increase (decrease).
Lamoureux, Christopher G, Poon, Percy
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Long‐Run Common Stock Returns Following Stock Splits and Reverse Splits

The Journal of Business, 1997
The authors examine one-three-year performance of common stocks following 5,596 stock split and 76 reverse split announcements made during the period 1976-91. For stock splits, on average, the one- and three-year buy-and-hold abnormal returns after the announcement month are 7.05 percent and 11.87 percent, respectively.
Desai, Hemang, Jain, Prem C.
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Stock-Split and Stock-Dividend Decisions

Financial Management, 1973
T he effect of stock splits and stock dividends on the market price of common shares continues to be controversial. Some investigators [11, 12, 17] suggest that stock splits and stock dividends alone are important causes of changes in the behavior of stock prices.
James A. Millar, Bruce D. Fielitz
openaire   +1 more source