Wpływ Splitów na płynność akcji spółek notowanych w alternatywnym systemie obrotu NewConnet
IMPACT OF SPLITS ON MARKET LIQUIDITY OF SHARES LISTED ON NEWCONNECT – THE ALTERNATIVE TRADING SYSTEM

Summary/Abstract: Split is a technical operation that increases the number of traded shares. The growing interest in the split operation can be seen on the NewConnect market. The aim of this paper is an attempt to determine the relationship between the operation of share split on NewConnect, and its influence on market liquidity of the shares. The first part is devoted to theoretical aspects - the concept of split, legal regulations about split and split procedure. In the second part there is presented the liquidity measures before and after the share split.

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