Stock splits in a neutral transaction cost environment: Evidence from the Athens Stock Exchange
This paper investigates the value consequences of stock splits in a market where institutional characteristics minimize the effects of price realignment and signaling. We find that despite these market conditions, stock splits by Greek firms produce positive price reaction around the announcement da...
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Published in | Journal of multinational financial management Vol. 19; no. 1; pp. 12 - 25 |
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Main Authors | , , , |
Format | Journal Article |
Language | English |
Published |
Elsevier B.V
01.02.2009
Elsevier |
Series | Journal of Multinational Financial Management |
Subjects | |
Online Access | Get full text |
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