search query: @author Spindt, P. A. / total: 3
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| Author: | Fernando, C. S. Krishnamurthy, S. Spindt, P. A. |
| Title: | Is share price related to marketability? Evidence from mutual fund share splits |
| Journal: | Financial Management
1999 : AUTUMN, VOL. 28:3, p. 54-67 |
| Index terms: | Share prices Stock splits Unit trusts |
| Language: | eng |
| Abstract: | The authors examine the "marketability hypothesis", which states that stock splits enhance the attractiveness of shares to investors by restoring prices to a preferred trading range. They examine splits of mutual fund shares because they provide a clean testing ground for the marketability hypothesis, since the conventional rationales for common stock splits do not apply. The conventional rationales for common stock splits do not apply. |
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