Business, Management and Accounting
4 years ago

Stock split has no impact, but economic value added boosts stock return!

International Business and Accounting Research Journal
The impact of a stock split and the economic value added on stock return
Simon Grima, Surtikanti Surtikanti, Sri Dewi Anggadini

Paper Summary

The article examines how stock splits and economic value added affect stock returns in financial sector companies on the Indonesia Stock Exchange from 2014 to 2019. The researchers used event studies to analyze market reactions to stock split announcements. They found that there were no significant differences in stock returns before and after stock splits, but economic value added had a positive influence on stock returns.

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