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The Information Content of Multiple Stock Splits

โœ Scribed by Gow-Cheng Huang; Kartono Liano; Herman Manakyan; Ming-Shiun Pan

Book ID
109178272
Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
181 KB
Volume
43
Category
Article
ISSN
0732-8516

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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