Search results for "Stock split"

Does Methodology Determine the Identification of Stock Split Motivations?: Evidence from Spain

2006

This study investigates the robustness of the results obtained for the possible motivations for firms listed on the Spanish stock market to execute a stock split using different methodologies. Although surveys from executives emphasize the use of stock splits as a way to increase the liquidity of shares, the empirical evidence is not conclusive. Our results, taken from the logit regression, the Kaplan-Meier method, the Cox regression and the automatic interaction detection, all support the hypotheses of signalling and optimal range.