References
- Asquith, P., P. Healy and K. Palepu (1989), "Earnings and Stock Splits", Accounting Review, 71, 387-403.
- Bae, S. C., J. H. Min and S. Jung (2011), "Trading Behavior, Performance, and Stock Preference of Foreigners, Local Institutions, and Individual Investors: Evidence from the Korean Stock Market", Asia-Pacific Journal of Financial Studies 40, 199-239. https://doi.org/10.1111/j.2041-6156.2011.01037.x
- Barber, B. M., Y. T. Lee, Y. J. Liu and T. Odean (2009), "Just How Much do Individual Investors Lose by Trading?", Review of Financial Studies 22, 609-632. https://doi.org/10.1093/rfs/hhn046
- Barber, B. M. and T. Odean (2000), "Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors", Journal of Finance 55, 773-806. https://doi.org/10.1111/0022-1082.00226
- Copeland, T. E. (1979), "Liquidity Changes Following Stock Splits", Journal of Finance, 34, 115-141. https://doi.org/10.1111/j.1540-6261.1979.tb02075.x
- Desai, H. and P. Jain (1997), "Long-Run Common Stock Returns Following Stock Splits and Reverse Splits", Journal of Business, 70, 409-433. https://doi.org/10.1086/209724
- Elgers, P. T. and D. Murray (1985), "Financial Characteristics Related to Management's Stock Splits and Stock Dividend Decisions", Journal of Business Finance and Accounting, 12, 543-551. https://doi.org/10.1111/j.1468-5957.1985.tb00793.x
- Griffin, J. M., J. H. Harris and S. Topaloglu (2003), "The Dynamics of Institutional and Individual Trading", Journal of Finance 58, 2285-2320. https://doi.org/10.1046/j.1540-6261.2003.00606.x
- Grinblatt, M. and M. Keloharju (2000), "The Investment Behavior and Performance of Various Investor Types: A Study of Finland's Unique Data Set", Journal of Financial Economics 55, 43-67. https://doi.org/10.1016/S0304-405X(99)00044-6
- Grinblatt, M., R. W. Masulis and S. Titman (1984), "The Valuation Effects of Stock Splits and Stock Dividends", Journal of Financial Economics , 461-490.
- Hvidkjaer, S. (2008), "Small Trades and the Cross-Section of Stock Returns", Review of Financial Studies 21, 1123-1151. https://doi.org/10.1093/rfs/hhn049
- Ikenberry, D., G. Rankine and E. Stice (1996), "What do Stock Splits Really Signal?", Journal of Financial and Quantitative Analysis, 31, 357-375. https://doi.org/10.2307/2331396
- Kim, K. and J. Nofsinger (2007), "The Behavior of Japanese Individual Investors During Bull and Bear Markets", Journal of Behavioral Finance 8, 138-153. https://doi.org/10.1080/15427560701545598
- Lakonishok, J. and B. Lev (1987), "Stock Split and Stock Dividends: Why, Who, and When", Journal of Finance, 42, 913-932. https://doi.org/10.1111/j.1540-6261.1987.tb03919.x
- Odean, T. (1998), "Are Investors Reluctant to Realize Their Losses?", Journal of Finance 53, 1775-1798. https://doi.org/10.1111/0022-1082.00072
- 김동순, 전영순 (2004), "외국인투자자 대 국내투자자의 정보우위", 증권학회지, 33(1), 1-44.
- 김선호, 홍정훈 (2008), "주식분할의 유동성 가설 및 최적거래가격범위 가설 실증분석", 대한경제학회지, 21(5), 2193-2231.
- 남명수 (2000), "주식분할의 정보효과", 재무관리논총, 6(1), 193-201.
- 박주현, 서정우, 황규영 (2004), "주식분할 공시의 정보효과에 관한 실증연구", 대한경영학회지, 45, 1625-1651.
- 변종국 (2003), "주식분할에 따른 시장반응", 재무관리논총, 9(1), 119-144.
- 변종국, 조정일 (2005), "액면분할의 유동성 및 신호효과와 시장의 변동성: KOSDAQ시장을 중심으로", 경영교육연구, 40(1), 105-124.
- 변종국, 조정일 (2007), "주식분할의 장기성과", 재무관리연구, 24(1), 1-27.
- 이가연, 박경인 (2012), "한국 주식시장에서 주식분할 효과에 대한 연구", 대한경영학회지, 25(3), 1303-1320.
- 황선웅, 신우용 (2007), "우리나라에서 주식분할에 따른 시장반응과 유동성효과", 재무관리연구, 24(1), 201-232.