Chou, Robin K.; Lee, Wan-Chen; Chen, Sheng-Syan - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 02, pp. 201-216
This paper examines the stock price behavior around the ex-split dates both before and after the decimalization on the New York Stock Exchange (NYSE). We find that the abnormal ex-split day returns decrease and the abnormal trading volume increases in the 1/16th and decimal pricing eras,...
