𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Management's View of Reverse Stock Splits

✍ Scribed by Frank W. Bacon and Tai S. Shin


Book ID
124947928
Publisher
Financial Management Association International (FMA)
Year
1993
Tongue
English
Weight
481 KB
Volume
22
Category
Article
ISSN
0046-3892

No coin nor oath required. For personal study only.


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This chapter investigates whether abnormal reverse split announcement returns are related to information about earnings. I find that abnormal announcement returns are negative on average and significantly correlated with unexpected earnings in the years prior to, and subsequent to the reverse split