Stock Split and Order Composition

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ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.:/5 (957 download)

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Book Synopsis Stock Split and Order Composition by : Eka Siskawati

Download or read book Stock Split and Order Composition written by Eka Siskawati and published by . This book was released on 2010 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to observe split effects surrounding split announcements. This study examines the splitting firms in Indonesia Stock Exchange for the period 1999 - 2008 while taking into account the wider split size from 2 for 1 until 10 for 1 split size. This study applies trading intensity as a proxy for liquidity effect. The result of this study indicated that there is higher liquidity of smallest trade size after split for all split size categories. This implies that small investors are attracted by lower price after split. Also, this study examines trading composition by computing the number of small buy and small sell order surrounding split announcement. Examination of trading composition aims to disentangle the signaling and liquidity effect surrounding the split events. Furthermore, this study finds that small buy order dominated after split trading activities which also imply liquidity enhancement. An interesting pattern exhibited by order composition of 2 for 1 split size shows that, small buy order significantly dominates the small sell order before split. This might indicate that 2 for 1 before split is driven by signaling effect, while 2 for 1 after split is partly driven by liquidity effect.

Transaction Size, Order Submission and Price Preferences Around Stock Splits

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ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Transaction Size, Order Submission and Price Preferences Around Stock Splits by : José Yagüe

Download or read book Transaction Size, Order Submission and Price Preferences Around Stock Splits written by José Yagüe and published by . This book was released on 2003 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse the effect of splits on stock liquidity. The results show a drop in trading volume and depth and an increase in the relative bid-ask spread. We detect a change in trading composition, with an increase in the smallest transactions, mainly on the buyer side of shares whose prices fall significantly after the split. The information asymmetry does not diminish, given that the adverse selection component of the effective spread reduces only insignificantly for the full sample. Finally there are not significant changes in the percentage of orders that provide liquidity to the market. These findings indicate that splits, despite higher transaction costs, encourage the entry of small investors attracted by the lower stock prices.

The Effect of Stock Splits on Liquidity

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ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (46 download)

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Book Synopsis The Effect of Stock Splits on Liquidity by : Patrick Dennis

Download or read book The Effect of Stock Splits on Liquidity written by Patrick Dennis and published by . This book was released on 1998 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stock Splits, Liquidity and Limit Orders

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ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (21 download)

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Book Synopsis Stock Splits, Liquidity and Limit Orders by : Marc Lipson

Download or read book Stock Splits, Liquidity and Limit Orders written by Marc Lipson and published by . This book was released on 1999 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stock Splits, Share Prices, and Ownership Composition

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ISBN 13 :
Total Pages : 134 pages
Book Rating : 4.:/5 (293 download)

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Book Synopsis Stock Splits, Share Prices, and Ownership Composition by : Ilene Frances Levin

Download or read book Stock Splits, Share Prices, and Ownership Composition written by Ilene Frances Levin and published by . This book was released on 1993 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Earnings and Stock Splits (Classic Reprint)

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Publisher : Forgotten Books
ISBN 13 : 9780331631852
Total Pages : 36 pages
Book Rating : 4.6/5 (318 download)

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Book Synopsis Earnings and Stock Splits (Classic Reprint) by : Paul M. Healy

Download or read book Earnings and Stock Splits (Classic Reprint) written by Paul M. Healy and published by Forgotten Books. This book was released on 2017-11-21 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Earnings and Stock Splits The objective of this paper is to examine whether stock splits convey information about firms' earnings in the period surrounding the split announcements. In order to mitigate any confounding effects of simultaneous dividend changes, only firms that do not pay cash dividends at the time of the stock split are included in the sample. Our tests, based on a sample of 121 stock split announcements from the period 1970-1980, lead to several conclusions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Stock Split Secrets

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Publisher :
ISBN 13 : 9781892008510
Total Pages : 0 pages
Book Rating : 4.0/5 (85 download)

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Book Synopsis Stock Split Secrets by : Miles Nelson

Download or read book Stock Split Secrets written by Miles Nelson and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock Splits Secrets is witty, fun, and comprehensive for anyone building wealth. Readers can dramatically increase their earnings by adding the power of stock splits. Renowned authors and speaking team Miles and Darlene Nelson share their secrets in this easy-to-read, information-packed book.

Tick Size and Limit Order Execution

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.3/5 (21 download)

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Book Synopsis Tick Size and Limit Order Execution by : Tom M. Arnold

Download or read book Tick Size and Limit Order Execution written by Tom M. Arnold and published by . This book was released on 1997 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stock Splits and the Composition of Shareholders

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ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (241 download)

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Book Synopsis Stock Splits and the Composition of Shareholders by : Dong Man Kim

Download or read book Stock Splits and the Composition of Shareholders written by Dong Man Kim and published by . This book was released on 1990 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Advances in Quantitative Analysis of Finance and Accounting

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Publisher : World Scientific
ISBN 13 : 9812791698
Total Pages : 270 pages
Book Rating : 4.8/5 (127 download)

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Book Synopsis Advances in Quantitative Analysis of Finance and Accounting by : Cheng F. Lee

Download or read book Advances in Quantitative Analysis of Finance and Accounting written by Cheng F. Lee and published by World Scientific. This book was released on 2008 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting, as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and accounting profession. The chapters in this volume cover a wide range of important topics, including corporate finance and debt management, earnings management, options and futures, equity market, and portfolio diversification. These topics are very useful for both academicians and practitioners in the area of finance.

Advances In Quantitative Analysis Of Finance And Accounting (Vol. 6)

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Publisher : World Scientific
ISBN 13 : 9814471836
Total Pages : 270 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Advances In Quantitative Analysis Of Finance And Accounting (Vol. 6) by : Cheng Few Lee

Download or read book Advances In Quantitative Analysis Of Finance And Accounting (Vol. 6) written by Cheng Few Lee and published by World Scientific. This book was released on 2008-03-14 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University).Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting, as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and accounting profession.The chapters in this volume cover a wide range of important topics, including corporate finance and debt management, earnings management, options and futures, equity market, and portfolio diversification. These topics are very useful for both academicians and practitioners in the area of finance.

The Effect of Stock Splits on Liquidity and Excess Returns

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Effect of Stock Splits on Liquidity and Excess Returns by : Patrick J. Dennis

Download or read book The Effect of Stock Splits on Liquidity and Excess Returns written by Patrick J. Dennis and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the influence of firm ownership composition on both the abnormal returns at the announcement of a stock split and liquidity changes following a stock split. We find three results. First, the largest post-split increase in institutional ownership occurs for firms that had low institutional ownership before the split. Second, changes in liquidity are negatively related to the level of institutional ownership before the split. Last, the abnormal return following a split is negatively related to the level of institutional ownership before the split. These findings are important as they shed new light on the source of stock split announcement returns.

Aligning Business and IT with Metadata

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Publisher : John Wiley & Sons
ISBN 13 : 9780470510582
Total Pages : 310 pages
Book Rating : 4.5/5 (15 download)

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Book Synopsis Aligning Business and IT with Metadata by : Hans Wegener

Download or read book Aligning Business and IT with Metadata written by Hans Wegener and published by John Wiley & Sons. This book was released on 2007-08-20 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial services institutions like international banks and insurance companies frequently need to adapt to changes in their environments, yet manage risk and ensure regulatory compliance. The author Hans Wegener reveals how metadata can be used to achieve a successful and technological evolution. This unique approach is divided into three parts to: Explain how metadata can be used to increase an organization's ability to adopt changes Outline the peculiarities of financial corporations and how they affect value creation and solution design Present the practical side of effectively managing metadata and sustaining long term success Wegener firstly illustrates the peculiarities of both metadata management and the financial services industry. He combines both, puts them into context of use, and explains where and how this makes life difficult, as well as where and how value is created. This enables the reader to understand the impact of metadata management on his/her organization, its typical side effects, necessities, and benefits. The book then goes onto reveal how different crosscutting concerns managed in large financial corporations (change, risk, and compliance management) can revolutionize business by supporting them with metadata management. This provides a blueprint to be used in strategic planning. Finally, the mechanics of three important practical areas are discussed in-depth, namely managing evolution, quality, and sustainability. This provides helpful scripts for practitioners to be used in real-life.

Government Without Taxes

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Publisher : Gold Leaf Press
ISBN 13 : 9781886769595
Total Pages : 222 pages
Book Rating : 4.7/5 (695 download)

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Book Synopsis Government Without Taxes by : Donald Kirchinger

Download or read book Government Without Taxes written by Donald Kirchinger and published by Gold Leaf Press. This book was released on 2005 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How Stock Splits Affect Trading

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis How Stock Splits Affect Trading by : David Easley

Download or read book How Stock Splits Affect Trading written by David Easley and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Extending an empirical technique developed in Easley, Kiefer, and O'Hara (1996, 1997a), we examine different hypotheses about stock splits. In line with the trading range hypothesis, we find that stock splits attract uninformed traders. However, we also find that informed trading increases, resulting in no appreciable change in the information content of trades. Therefore, we do not find evidence consistent with the hypothesis that stock splits reduce information asymmetries. The optimal tick size hypothesis predicts that stock splits attract limit order trading and this enhances the execution quality of trades. While we find an increase in the number of executed limit orders, their effect is overshadowed by the increase in the costs of executing market orders due to the larger percentage spreads. On balance, the uninformed investors' overall trading costs rise after stock splits.

Dividends and Dividend Policy

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Publisher : John Wiley & Sons
ISBN 13 : 0470471220
Total Pages : 832 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Dividends and Dividend Policy by : H. Kent Baker

Download or read book Dividends and Dividend Policy written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2009-04-27 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dividends And Dividend Policy As part of the Robert W. Kolb Series in Finance, Dividends and Dividend Policy aims to be the essential guide to dividends and their impact on shareholder value. Issues concerning dividends and dividend policy have always posed challenges to both academics and professionals. While all the pieces to the dividend puzzle may not be in place yet, the information found here can help you gain a firm understanding of this dynamic discipline. Comprising twenty-eight chapters—contributed by both top academics and financial experts in the field—this well-rounded resource discusses everything from corporate dividend decisions to the role behavioral finance plays in dividend policy. Along the way, you'll gain valuable insights into the history, trends, and determinants of dividends and dividend policy, and discover the different approaches firms are taking when it comes to dividends. Whether you're a seasoned financial professional or just beginning your journey in the world of finance, having a firm understanding of the issues surrounding dividends and dividend policy is now more important than ever. With this book as your guide, you'll be prepared to make the most informed dividend-related decisions possible—even in the most challenging economic conditions. The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals.

Accounting Principles

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Publisher : John Wiley & Sons
ISBN 13 : 1394254792
Total Pages : 1506 pages
Book Rating : 4.3/5 (942 download)

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Book Synopsis Accounting Principles by : Jerry J. Weygandt

Download or read book Accounting Principles written by Jerry J. Weygandt and published by John Wiley & Sons. This book was released on 2024-04-16 with total page 1506 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting Principles, 15th Edition by Jerry Weygandt, Paul Kimmel, and Jill Mitchell provides a practical introduction to introductory accounting from the sole proprietor perspective with a hands-on, active learning experience to improve student understanding, retention, and engagement. Students work through integrated practice at the point of learning with real-world connections and high-quality assessment, ensuring they learn concepts more efficiently and understand the why and how of accounting application. In addition, Accounting Principles, 15th Edition includes a variety of hands-on activities and resources that enhance practical learning and key skills, including running cases, various data analytics assignments, and coverage of leading industry topics. These resources help develop critical thinking and business decision-making skills, preparing students for future job success no matter what path they take.