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| Tekijä: | Han, K. |
| Otsikko: | The effects of reverse splits on the liquidity of the stock |
| Lehti: | Journal of Financial and Quantitative Analysis
1995 : MAR, VOL. 30:1, p. 159-169 |
| Asiasana: | LIQUIDITY TRADING VOLUMES CHANGE |
| Kieli: | eng |
| Tiivistelmä: | This study investigates the liquidity effects of reverse stock splits using bid-ask spread, trading volume, and the number of non-trading days as proxies for the liquidity of the stock. Results indicate a decrease in bid-ask spread and an increase in trading volume after reverse splits. More importantly, the number of non-trading days significantly declines following reverse splits. For the control group, however, no such changes are observed. |
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