The effect of reverse stock split on the Warsaw Stock Exchange
The effect of reverse stock split on the Warsaw Stock Exchange
Author(s): Roman AsyngierSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: Warsaw Stock Exchange; capital market; reverse stock split; abnormal returns
Summary/Abstract: The aim of the article was to conduct literature studies on the effect of reverse stock split (RSS) as well as to carry out research on the influence of reverse split operation on prices and volume of shares turnover quoted on the WSE. Research methodology concentrated on relative force of quoted shares towards index of a wide market. Performed analyses showed occurrence of a negative influence of reverse stock split on share quotations before and after operation, particularly strong in first several days after RSS. The article is the continuation of studies on the effect of reverse split and is a part of wider research on functioning of the Polish capital market.
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2015
- Issue No: 381
- Page Range: 11-25
- Page Count: 15