We show that corporate decision to split stocks experience a significant change in security systematic risk prior to the announcement and higher abnormal returns. However, the abnormal returns1, it is shown, are significantly lower than those reported by FFJR.

A Re-examination of Stock Splits Using Moving Betas,' The Journal of Finance, Vol. 32, No. 4 (September 1977), pp. 1069-1080.

BAR-YOSEF, SASSON;
1977

Abstract

We show that corporate decision to split stocks experience a significant change in security systematic risk prior to the announcement and higher abnormal returns. However, the abnormal returns1, it is shown, are significantly lower than those reported by FFJR.
1977
BAR-YOSEF, Sasson; L., Brown
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11565/3717141
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