haku: @author Peterson, D. R. / yhteensä: 6
viite: 2 / 6
| Tekijä: | Klein, L. S. Peterson, D. R. |
| Otsikko: | Earnings forecast revisions associated with stock split announcements |
| Lehti: | Journal of Financial Research
1989 : WINT. VOL: 12:4, p.319-328 |
| Asiasana: | STOCK MARKETS SHARE PRICES |
| Kieli: | eng |
| Tiivistelmä: | Three hypotheses have been offered to explain abnormal stock returns at stock split announcements: 1) the trading rate 2) attention and 3) signalling hypotheses. It was also observed that splitting firms have greater post- announcement earnings growth than control nonsplitting firms. Using data, significantly larger forecast revisions found for split firms than for control nonsplit firms. |
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