Economics, Econometrics and Finance
3 years ago

Stock splits in Chinese companies have no impact on stock returns.

Applied economics and policy studies
Impact of Stock Split on Stock Return
Geyao Zhang

Paper Summary

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Stock splits in Chinese companies like Tencent and WeTrade Group do not significantly impact stock returns. The researchers used an event study method to analyze abnormal returns and cumulative abnormal returns around the announcement of stock splits. Despite previous studies suggesting otherwise, this research found that stock splits do not have a noticeable effect on stock returns in China's market.