Corporate actions and the manipulation of retail investors in China: An analysis of stock splits
We identify a group of “suspicious” firms that use stock splits, perhaps along with other activities, to artificially inflate their share prices. Following the initiation of suspicious splits, share prices temporarily increase, and subsequently decline below their presplit levels. Using account leve...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2022
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7076 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8075/viewcontent/Titman_Wei_Zhao_2021_Final_version.pdf |
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| Institution: | Singapore Management University |
| Language: | English |