Faculty News

Joint research from Professor Baruch Lev investigating why firms split their stock or distribute stock dividends and why the market reacts favorably to these distributions is cited

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Excerpt from Barron's -- "Critics point out that there’s no guarantee that a stock’s value will continue to rise after the split. They also take issue with the expanded-ownership argument. Average trading volume—measured by dollar amounts traded—don’t change much post-split, according to a widely cited academic paper by Josef Lakonishok and Baruch Lev."

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