Resource type
Date created
2014-08
Authors/Contributors
Author: Zhu, Chao
Author: Chen, Kexin
Abstract
This paper examines the market reaction to stock splits announcements during the period 2003 to 2013. We find a significantly positive Cumulative Average Abnormal Return (CAAR) on the announcement day as well as the following day. Both liquidity and signaling reasons contribute to this result.
Document
Description
MSc in Finance Project - Simon Fraser University
Copyright statement
Copyright is held by the author(s).
Scholarly level
Peer reviewed?
No
Language
English
Member of collection
| Download file | Size |
|---|---|
| Final Project Final Version Kexin Chan and Chao Zhu.pdf | 1.19 MB |