# 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

1 Faculty News August 14, 2020 ![Barron's logo](/sites/default/files/styles/246w/public/assets/images/con_031072.jpg?itok=FtY-yu99)>

Excerpt from [Barron's](https://www.barrons.com/articles/apple-tesla-stock-splits-could-encourage-others-51597447291) -- "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](https://www.stern.nyu.edu/faculty/bio/baruch-lev)."

[Read More](https://www.barrons.com/articles/apple-tesla-stock-splits-could-encourage-others-51597447291)