More on Markets Short-Run Profits from Stock Splits Introduction

For almost half a century, stock splits have been analyzed in an attempt to quantify their value to the issuing firms, to existing stockholders, and to potential stockholders. Despite the considerable effort expended to discern profit opportunities, continued conflict regarding short-run profit pote...

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Bibliographic Details
Published inFinancial management Vol. 10; no. 3; p. 64
Main Authors Reilly, Frank K, Drzycimski, Eugene F
Format Journal Article
LanguageEnglish
Published Tampa Financial Management Association International 01.07.1981
Subjects
Efficient markets
Investments
New stock market listings
Prices
Profits
Stock exchanges
Stock prices
Stock splits
Stockholders
Time series
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Summary:For almost half a century, stock splits have been analyzed in an attempt to quantify their value to the issuing firms, to existing stockholders, and to potential stockholders. Despite the considerable effort expended to discern profit opportunities, continued conflict regarding short-run profit potential remains. The purpose of this study is to test the semi-strong efficient market hypothesis (EMH) by examining both daily...
ISSN:0046-3892
1755-053X