1 |
Chen, H., Nguyen, H. H., & Singal, V. (2011). The information content of stock splits. Journal of Banking and Finance, 35(9), 2454-2467. https://doi.org/10.1016/j.jbankfin.2011.02.005
DOI
|
2 |
Copeland, T. E. (1979). Liquidity changes following stock splits. Journal of Finance, 34(1), 115-141. https://doi.org/10.1111/j.1540-6261.1979.tb02075.x
DOI
|
3 |
Desai, H., & Jain, P. C. (1997). Long-run common stock returns following the stock split and reverse splits. Journal of Business, 70(3), 409-433. https://doi.org/10.1086/209724
DOI
|
4 |
Dissa Bandara, D. B., & Perera, K. D. (2015). An empirical examination of the informational content of dividend announcements in the Sri Lankan share market. CBS Journal of Multidisciplinary Studies, 71, 25-40. https://doi.org/mdiscst.10.122131/2015.712540
|
5 |
Fama, E. F. (1970). Efficient Capital Markets: A review of theory and empirical work. Journal of Finance, 25(2), 383-471. https://doi.org/10.2307/2325486
DOI
|
6 |
Fama, E. F., Fisher, L., Jensen, M. C., & Roll, R. (1969). The adjustment of stock prices to new information. International Economic Review, 10(1), 1-21. https://doi.org/10.2307/2525569
DOI
|
7 |
Fernando, K. G. K., & Guneratne, P. S. M. (2009). Measuring abnormal performance in event studies: An application with bonus issue announcements in Colombo stock exchange (CSE). 15, 133-150. https://doi.org/10.2139/ssrn.1513320
DOI
|
8 |
Fox, A. F., & Opong, K. K. (1999). The impact of board changes on shareholders' wealth: Some UK evidence. Corporate Governance, 7(4), 385-396. https://doi.org/10.1111/1467-8683.00169
DOI
|
9 |
Grinblatt, M. S., Masulis, R. W., & Titman, S. (1984). The valuation effects of stock splits and stock dividends. Journal of Financial Economics, 13(4), 461-490. https://doi.org/10.1016/0304-405X(84)90011-4
DOI
|
10 |
Colombo Stock Exchange (CSE). (2022). About the exchange. https://www.cse.lk/
|
11 |
Dissa Bandara, D. B., & Samarakoon, L. P. (2002). Dividend announcements, firm size, and dividend growth in the Sri Lankan stock market. Sri Lankan Journal of Management, 7(3), 228-245. https://ssrn.com/abstract=1395232
|
12 |
Ikenberry, D. L., & Ramnath, S. (2002). Underreaction to self-selected new events: The case of stock splits. Review of Financial Studies, 15(2), 489-526. https://doi.org/10.1093/rfs/15.2.489
DOI
|
13 |
Dolley, J. C. (1933). Common stock split-ups: Motives and effects. Harvard Business Review, 12(1), 70-81.
|
14 |
Easley, D., O'Hara, M., & Saar, G. (2001). How stock splits affect trading: A microstructure approach. Journal of Financial and Quantitative Analysis, 36(1), 25-51. https://doi.org/10.2307/2676196
DOI
|
15 |
Dissa Bandara, D. B. (2001). Dividend signaling, market responses to dividend change and capital market efficiency: An empirical analysis. Colombo: University of Sri Jayewardenepura.
|
16 |
Conroy, R. M., Harris, R. S., & Benet, B. A. (1990). The effects of stock split on bid-ask spreads. Journal of Finance, 45(4), 1285-1295. https://doi.org/10.1111/j.1540-6261.1990.tb02437.x
DOI
|
17 |
Gunathilaka, C., & Kongahawatte, S. (2011). Stocks split in Sri Lanka: Valuation effects and market liquidity. Business Management, 11(7), 90-94. https://www.academia.edu/11282967/Stock_Splits_in_Sri_Lanka_Valuation_Effects_and_Market_Liquidity
|
18 |
Soyza, W. S. S., Kodithuwakku, K. A. S. S., & Samarakoon, S. M. R. K. (2021). Stock price reaction to the stock splits announcement of listed companies in the Colombo stock exchange. Vidyodaya Journal of Management, 7(2), 17-33. https://doi.org/10.31357/vjm.v7iII.5094
DOI
|
19 |
Tahir, S. H., Tahir, F., Syed, N., Ahmad, G., & Ullah, M. R. (2020). Stock market response to terrorist attacks: An event study approach. Journal of Asian Finance, Economics, and Business, 7(9), 31-37. https://doi.org/10.13106/jafeb.2020.vol7.no9.031
DOI
|
20 |
Mehta, C., Yadav, S. S., & Jain, P. K. (2011). Managerial motives for stock splits: Survey-based evidence from India. Journal of Applied Finance, 21(1), 103-117. https://doi.org/ 10.1108/jaf21-2011-103117/
|
21 |
Schultz, P. (2000). What drives firm-level stock returns? Journal of Finance, 55(1), 429-450. https://doi.org/10.1111/0022-1082.00211
DOI
|
22 |
Sharpe, W. F., Alexander, G. J., & Bailey, J. V. (2006). Investments (6th ed). NJ: Prentice-Hall.
|
23 |
Dizdarlar, H. I., & Can, R. (2021). Do investors overreact to firm merger and acquisition decisions? Bingley: Emerald Publishing Limited. https://doi.org/10.1108/S1569-375920210000106007
|
24 |
Alam, M. N., Alam, M. S., & Chavali, K. (2020). Stock market response during COVID-19 lockdown period in India: An event study. Journal of Asian Finance, Economics, and Business, 7(7), 131-137. https://doi.org/10.13106/jafeb.2020.vol7.no7.131
DOI
|
25 |
Baker, H. K., & Kapoor, S. (2015). Why Indian firms issue stock distributions. Managerial Finance, 41(7), 658-672. https://doi.org/10.1108/MF-08-2014-0213
DOI
|
26 |
Kesuma, W., Ekaputra, I. A., & Chalid, D. A. (2021). Individual investor attention to stock split and the disposition effect. Review of Behavioral Finance. https://doi.org/10.1108/RBF11-2020-0274
|
27 |
Hua, L., & Ramesh, S. (2013). A study on stock split announcements and its impact on stock prices in Colombo stock exchange (CSE) of Sri Lanka. Global Journal of Management and Business Research Finance, 13(6), 76-96.
|
28 |
Pattanayak, J., Das, S., & Pathak, P. (2014). Effect of quarterly earnings announcement under different market conditions: An empirical study of companies constituting SENSEX. Journal of Indian Business Research, 6(2), 128-154. https://doi.org/10.1108/JIBR-09-2013-0087
DOI
|
29 |
Baker, H. K., & Gallagher, P. L. (1980). Management's view of stock splits. Financial Management, 9(2), 73-77. https://doi.org/10.2307/3665171
DOI
|
30 |
Baker, H. K., & Powel, G. E. (1993). Further evidence on managerial motives for stock splits. Quarterly Journal of Business and Economics, 32(3), 20-31. https://doi.org/1993.qjbe.32.3.2031
|
31 |
Barber, B. M., & Odean, T. (2008). All that glitters: The effect of attention and news on the buying behavior of individual and institutional investors. Review of Financial Studies, 21(2), 785-818. https://doi.org/10.1093/rfs/hhm079
DOI
|
32 |
Chen, G., Kim, K. A., Nofsinger, J. R., & Rui, O. M. (2007). Trading performance, disposition effect, overconfidence, representativeness bias, and experience of emerging market investors. Journal of Behavioral Decision Making, 20(4), 425-451. https://doi.org/10.1002/bdm.561
DOI
|
33 |
Carlos, G. D., & Frank, B. W. (2009). The impact of stock split announcements on stock price: A test of market efficiency. ASBBS Annual Conference Journal, 16(1), 1-14. https://doi.org/10.1.1.567.618
DOI
|
34 |
Lukose, P. J., & Rao, S. N. (2002). Market reaction to stock splits-an empirical study. IUP Journal of Applied Finance, 8(2), 26-40.
|
35 |
Kendall, M. G., & Hill, A. B. (1953). The analysis of economic time-series, Part I: Prices. Journal of the Royal Statistical Society. Series A, 116(1), 11-25. https://doi.org/10.2307/2980947
DOI
|
36 |
Chavali, K., & Zahid, Z. (2011). Impact of stock splits on the stock price performance of selected companies in the Indian context. Afro-Asian J. of Finance and Accounting, 2(3), 270-282. https://doi.org/10.1504/AAJFA.2011.041633
DOI
|
37 |
Brown, S. J., & Warner, J. B. (1985). Using daily stock returns. Journal of Financial Economics, 14(1), 3-31. https://doi.org/10.1016/0304-405X(85)90042-X
DOI
|
38 |
Chavali, K., Alam, M., & Rosario, S. (2020). Stock market response to elections: An event study method. Journal of Asian Finance, Economics, and Business, 7(5), 9-18. https://doi.org/10.13106/jafeb.2020.vol7.no5.009
DOI
|
39 |
Johnson, K. H. (1998). Graphical analysis for event-study design. Journal of Financial and Strategic Decisions, 11(1), 61-71. https://doi.org/10.1.1.201.5563
DOI
|
40 |
Keane, S. (1986). The efficient capital market hypothesis on trial. Financial Analysts' Journal, 42, 58-63. https://doi.org/10.2469/faj.v42.n2.58
DOI
|
41 |
Lakonishok, J., & Lev, B. (1987). Stock splits and stock dividends: Why, who, and when. Journal of Finance, 42(4), 913-932. https://www.jstor.org/stable/2328298. https://doi.org/10.1111/j.1540-6261.1987.tb03919.x
DOI
|
42 |
Lamoureux, C. G., & Poon, P. (1987). The market reaction to stock splits. Journal of Finance, 42(5), 1347-1370. https://doi.org/10.1111/j.1540-6261.1987.tb04370.x
DOI
|
43 |
Phuong, L. C. (2021). The impact of COVID-19 on stock price: An application of event study method in Vietnam. Journal of Asian Finance, Economics, and Business, 8(5), 523-531. https://doi.org/10.13106/jafeb.2021.vol8.no5.0523
DOI
|
44 |
Mcnichols, M., & Dravid, A. (1990). Stock dividends, stock splits and signaling. Journal of Finance, 45(3), 857-879. https://doi.org/10.1111/j.1540-6261.1990.tb05109.x
DOI
|
45 |
Murray, D. (1985). Further evidence on the liquidity effects of stock splits and stock dividends. Journal of Financial Research, 8(1), 59-68. https://doi.org/10.1111/j.1475-6803.1985.tb00426.x
DOI
|
46 |
Nayak, S., & Prabhala, N. R. (2001). Disentangling the dividend information in splits: A decomposition using conditional event-study methods. Review of Financial Studies, 14(4), 1083-1116. https://doi.org/10.1093/rfs/14.4.1083
DOI
|
47 |
Ramesh, S., & Rajumesh, S. (2014). Information content of right issue announcements: A study of listed companies in Colombo stock exchange Sri Lanka. Research Journal of Finance and Accounting, 5(5), 154-162. https://doi.org/10.12413/12-33-178995-x
|
48 |
Kadapakkam, P. R., Krishnamurthy, S., & Tse, Y. (2005). Stock splits, broker promotion, and decimalization. Journal of Financial and Quantitative Analysis, 40(4), 873-895. https://doi.org/10.1017/S0022109000002015
DOI
|
49 |
Li, K., & McNally, W. (2007). The information content of Canadian open market repurchase announcements. Managerial Finance, 33(1), 65-80. https://doi.org/10.1108/03074350710715818
DOI
|