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Financial Market Dissertations

P/F/356. Dissertation. Effects of stock splits on financial market

WORDS:
11000
DATE:
2005
PRICE:
119.99 GBP

The dissertation aims to examine the stock split events focusing on the US market reaction to stock split announcements during 1998 – 2001 and testing related hypotheses. The study offers a review of literature on stock split effects, stock split decisions, efficient market hypothesis, signalling hypothesis, dividend hypothesis, optimal trading range hypothesis, optimal tick size hypothesis, relationship between firm size and the announcement period, etc. Research methods include collecting samples of split announcement events from the US stock market, comparing real returns around the announcement period with their corresponding expected returns and calculating abnormal returns for each event. Conclusions are made on the basis of the abnormal returns analysis.

 

KEYWORDS: f, dissertation, effects, stock, splits, financial, market,