Internal and external factors and the effectiveness of the actual stock split

• Authors: Tuzimek, Rafał

Abstracts

EN

The prime concern of this article is to present an instrument called an actual stock split. This article aims to determine the effectiveness of the conducted actual stock splits in the background of the factors specific for the company, the stock of the company and the phase of the stock market. The article presents the results of empirical studies of foreign markets, and the results of empirical research conducted by the author on the Warsaw Stock Exchange. The parameter observed in the study is an abnormal rate of return. In this study the Author analyzes the impact of the actual split on stock prices. The results of Author’s research on WSE are in contrast to the regularities captured in most of presented foreign studies.

Keywords

EN

split; capital market; Warsaw Stock Exchange; WSE; abnormal (rate of) return; CAR

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Zarządzania i Finansów
• Journal: Journal of Management and Financial Sciences
• Year: 2014
• Volume: 15(1)
• Pages: 81-96

Dates

published

2017-08-28

Contributors

author

Tuzimek, Rafał