Investors’ reaction to stock split : an experimental asset market approach.

• Main Authors: Mulia, Michiko., Toh, Siew Qi., Wong, Charis Shao Yun.
• Other Authors: School of Humanities and Social Sciences
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Social sciences::Economic theory::Microeconomics
• Online Access: http://hdl.handle.net/10356/52141
• Institution: Nanyang Technological University

Theoretically, stock splits purely cut the corporation pie into more pieces without bringing any effect. However, past studies were documented with both positive and negative effect of stock splits. Since all past studies used empirical data and the conflicting empirical result on liquidity, signall...