Refine your search
Collections
Co-Authors
Journals
Year
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All
R, Shashidhar.
- Impact of Stock Splits on Stock Returns and Liquidity of the Selected Firms : A Study from NSE
Abstract Views :90 |
PDF Views:0
Authors
Affiliations
1 Research Scholar, Institute of Management Studies, Shivagangothri, Davangere University, IN
2 Associate Professor, Institute of Management Studies, Shivagangothri, Davangere University, IN
3 Professor, Dept. of Studies & Research in Commerce & Management Studies, Tumkur University, Tumkur 572103., IN
1 Research Scholar, Institute of Management Studies, Shivagangothri, Davangere University, IN
2 Associate Professor, Institute of Management Studies, Shivagangothri, Davangere University, IN
3 Professor, Dept. of Studies & Research in Commerce & Management Studies, Tumkur University, Tumkur 572103., IN
Source
Journal of Mines, Metals and Fuels, Vol 70, No 8A (2022), Pagination: 207-214Abstract
Stock splits are used as a tool to bring down the current share price in a market in order to attract all kinds of investors in the market and to make it affordable especially to the small investors. During this course it is not expected to gain any abnormal returns but practically it will most of the times as it supports the signaling hypothesis theory. Corporate actions are just cosmetic events where do not have any impact on firms investments or capital structure, so there is a scope for analyzing the impact of splits on the shareholders return. The purpose of this paper is to evaluate the abnormal returns and to analyze the changes in the liquidity position of the pre-split and post-split announcement. Study has considered 10 samples which are gone for stock splits during the year 2016-2020 and also should be trading under Nifty 50 and derivative segment too. The results were highlighting that the spot market and derivative markets are correlated and moves parallel but just immediately after the spot is near month contract; there it is observed that there is a negative abnormal returns on the event announcement day where investors were not able to cope up the information rapidly.Keywords
Stock Splits, Abnormal Return, Liquidity and Derivatives.
References
- Banerjee, P. (2019). Impact of Stock Split on Short-Term Liquidity of Stocks in Ex-Split Period/ : Evidence From Indian Stock Market. Indian Journal of Accounting, 51(1), 63–72.
- Gupta, A. (2015). An Analytical Study on Market Reaction of Stock Splits/ : Evidence From Listed Companies in India “ Doctorate of Philosophy in Kurukshetra University.
- Kadian, P., & Yadav, M. (2020). Market Reaction Around The Stock Split Announcements In Indian Stock Market. Mukt Shabd, IX(Iv), 1553–1568.
- Putri, R. D., & Sihombing, P. (2020). The Effect Of Stock Split Announcement On The Trading Volume. DIJEFA, 1(4), 696–709. https://doi.org/10.38035/DIJEFA DOI: https://doi.org/10.38035/dijefa.v1i4.546
- Rastogi, S., & Athaley, C. (2019). Volatility Integration in Spot, Futures and Options Markets/ : A Regulatory Volatility Integration in Spot , Futures and Options Markets/ : A Regulatory Perspective. Journal of Risk and Financial Management, June. https://doi.org/10.3390/jrfm12020098 DOI: https://doi.org/10.3390/jrfm12020098
- Rohit, B., Pinto, P., & B., S. (2016). Impact of Stock Splits and Rights Issue Announcements on Market Price: Evidence from India. Drishtikon: A Management Journal, 7(2), 1–17. https://doi.org/10.21863/drishtikon/2016.7.2.014 DOI: https://doi.org/10.21863/drishtikon/2016.7.2.014
- Tabibian, S. A., Zhang, Z., & Jafarian, M. (2020). How Does Split Announcement A ff ect Stock Liquidity/ ? Evidence from Bursa Malaysia. MDPI Risks, 8(2020), 1–14. https://doi.org/10.3390/risks8030085 DOI: https://doi.org/10.3390/risks8030085