Seattle Pacific University

They measured the effect of stock splits on shareholder wealth by estimating a simple time-series market model using monthly data for the 60 months prior to the split date for 940 splits between January 1937 and December 1959. The model is used to forecast stock prices after the split, and cumulative average residuals are calculated. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download