The Effect of Stock Splits on the Ownership Structure of Firms

@inproceedings{Mukherji1997TheEO,
  title={The Effect of Stock Splits on the Ownership Structure of Firms},
  author={Sandip Mukherji and Yong Hyeon Kim and Michael J. C. Walker},
  year={1997}
}
Although several researchers have speculated that stock splits may affect the ownership structure of firms, there is very little empirical evidence available in this regard. We investigate a broad sample of stock splits by firms without confounding events, controlling for industry and size effects. Our results show that stock splits increase the numbers of both individual and institutional shareholders, and they do not affect the proportion of equity held by institutions. Further, changes in… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 20 CITATIONS