Tabibian, S. Amir; Zhang, Zhaoyong - In: Journal of Risk and Financial Management 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, including the first (2004-2006), second (2007-2009), and...