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

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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.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.)
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