Kesuma, Wendy; Ekaputra, Irwan Adi; Chalid, Dony Abdul - In: Review of Behavioral Finance 14 (2021) 5, pp. 701-717
Purpose: This paper investigates whether individual investors are attentive to stock splits and whether higher split ratios (stronger private information signals) reduce the disposition effect. Design/methodology/approach: This study employs stock split events and transaction data in the...