Tabibian, S. Amir; Zhang, Zhaoyong; Abdollah Ah Mand - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-16
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 … period experienced liquidity improvement only on the split announcement day, while it lasts up to a year after the Ex …