Sala, Juan Carlos Gómez; Yagüe, José - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002
In this study we analyse the effect of stock splits on stocks¿ trading activity using intraday data from a sample of 46 stock splits from the Spanish stock market. In particular, we study changes to trading activity, trading composition, the information asymmetry of stocks, the distribution of...