Several theories like optimal trading range hypothesis, liquidity hypothesis, signaling hypothesis have been advanced in relation to this non-economic corporate event. But still there is need to study the investors' optimizing behavior after stock split. With this focus on optimization of the...

The market economy progresses on the strength of human drive for income and accumulation. Income earned through rules-permitted activities brings prosperity. But for some economic agents, violation of laws and rules offers easier ways to earn income and wealth. The agents of law-enforcing...