Stock split is a corporate strategy to increase the liquidity of shares by dividing the shares into multiple shares. As per efficient market hypothesis ( EMH) introduced by Eugene. F. Fama says that the capital market is efficient enough to fully reflect or absorb all available information in...

We test the impact of stock split rule changes on liquidity behavior in Bursa Malaysia during 2004-2020. Using event study methodology, this study examines stock liquidity on and around stock split days through three subperiods of study, including the first (2004-2006), second (2007-2009), and...

We identify a group of "suspicious" firms that use stock splits--perhaps, along with other activities--to artificially inflate their share prices. Following the initiation of suspicious splits, share prices temporarily increase, and subsequently decline below their pre-split levels. Using...