A Real Determinant of Stock Split Announcements
This paper examines the aggregate determinants of corporate events of stock splits. The evidence shows that good market conditions can drive firms’ decisions to split shares and increase their associated returns. However, the most dominant effect of macroeconomic factors on stock split announcements...
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| Format: | Conference Paper |
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World Business Institute Australia
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/16351 |