Ford, Deborah A.; Nguyen, Hoang H.; Nguyen, Van T. - In: Applied Financial Economics 22 (2012) 2, pp. 135-145
This study examines the influence of the number of financial analysts following a firm on market reaction around the announcement of stock splits. Results show that the raw as well as abnormal returns at the announcement of stock splits are negatively related to the level of analyst coverage....
