Lyroudi, Katerina; Dasilas, Apostolos; Varnas, Antonios - In: Managerial Finance 32 (2006) 5, pp. 401-414
Purpose – To investigate whether a stock split is still considered a policy that creates value for the underlying company and the rationale behind such action for companies listed on the NASDAQ. Design/methodology/approach – The event study methodology of Strong is employed to examine the...