The effect of large stock split announcements on prices of U.S. high technology stocks

Chowdhury, Md. Nayeem Hossain

dc.contributor.advisor	Boabang, Francis
dc.coverage.spatial	United States
dc.creator	Chowdhury, Md. Nayeem Hossain
dc.date.accessioned	2015-05-11T14:50:24Z
dc.date.available	2015-05-11T14:50:24Z
dc.date.issued	2014
dc.identifier.uri	http://library2.smu.ca/xmlui/handle/01/26118
dc.description	1 online resource ( 45 p.) : col. ill.
dc.description	Includes abstract and appendix.
dc.description	Includes bibliographical references (p. 38-39).
dc.description.abstract	An empirical investigation in U.S. technology sector is done in this paper using event study methodology to find out existence of significant abnormal returns surrounding stock split announcements. The average abnormal return was not statistically significant, surrounding stock split announcements over the period 1995 to 2013. Abnormal return was highest on the day following stock split announcement period and then abnormal return dropped significantly every day. The result confirms the rapid adjustment of prices of U.S. high technology stocks to reflect the full effect of the stock split announcements. Most importantly, shareholders value enhances as market react positively for shorter trading days (-5, 0, +5) surrounding stock split announcement.	en_CA
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dc.description.provenance	Made available in DSpace on 2015-05-11T14:50:24Z (GMT). No. of bitstreams: 1 Chowdhury_MdNayeemHossain_MRP_2014.pdf: 1004050 bytes, checksum: ea26c0e431a46486e4587a10616eca5d (MD5) Previous issue date: 2014-09-17	en
dc.language.iso	en	en_CA
dc.publisher	Halifax, N.S. : Saint Mary's University
dc.title	The effect of large stock split announcements on prices of U.S. high technology stocks	en_CA
dc.type	Text	en_CA
thesis.degree.name	Master of Finance
thesis.degree.level	Masters
thesis.degree.discipline	Finance, Information Systems, & Management Science
thesis.degree.grantor	Saint Mary's University (Halifax, N.S.)