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Insider ownership, bid-ask spread, and stock splits: Evidence from the Stock Exchange of Thailand

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  • Gorkittisunthorn, Maneeporn
  • Jumreornvong, Seksak
  • Limpaphayom, Piman

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  • Gorkittisunthorn, Maneeporn & Jumreornvong, Seksak & Limpaphayom, Piman, 2006. "Insider ownership, bid-ask spread, and stock splits: Evidence from the Stock Exchange of Thailand," International Review of Financial Analysis, Elsevier, vol. 15(4-5), pages 450-461.
    • Handle: RePEc:eee:finana:v:15:y:2006:i:4-5:p:450-461
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    2. Michael L. Lemmon & Karl V. Lins, 2003. "Ownership Structure, Corporate Governance, and Firm Value: Evidence from the East Asian Financial Crisis," Journal of Finance, American Finance Association, vol. 58(4), pages 1445-1468, August.
    3. Piman Limpaphayom & Sirapat Polwitoon, 2004. "Bank Relationship and Firm Performance: Evidence From Thailand Before the Asian Financial Crisis," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(9-10), pages 1577-1600.
    4. Copeland, Thomas E, 1979. "Liquidity Changes Following Stock Splits," Journal of Finance, American Finance Association, vol. 34(1), pages 115-141, March.
    5. McConnell, John J. & Servaes, Henri, 1990. "Additional evidence on equity ownership and corporate value," Journal of Financial Economics, Elsevier, vol. 27(2), pages 595-612, October.
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    8. Muscarella, Chris J. & Vetsuypens, Michael R., 1996. "Stock splits: Signaling or liquidity? The case of ADR 'solo-splits'," Journal of Financial Economics, Elsevier, vol. 42(1), pages 3-26, September.
    9. Zeghal, Daniel, 1984. "Firm Size and the Informational Content of Financial Statements," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 19(3), pages 299-310, September.
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    12. Patrick Dennis & Deon Strickland, 2003. "The Effect Of Stock Splits On Liquidity And Excess Returns: Evidence From Shareholder Ownership Composition," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 26(3), pages 355-370, September.
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    18. Piman Limpaphayom & Sirapat Polwitoon, 2004. "Bank Relationship and Firm Performance: Evidence From Thailand Before the Asian Financial Crisis," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 31(9‐10), pages 1577-1600, November.
    19. Grossman, Sanford J & Stiglitz, Joseph E, 1976. "Information and Competitive Price Systems," American Economic Review, American Economic Association, vol. 66(2), pages 246-253, May.
    20. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
    21. Jensen, Gerald R. & Solberg, Donald P. & Zorn, Thomas S., 1992. "Simultaneous Determination of Insider Ownership, Debt, and Dividend Policies," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 27(2), pages 247-263, June.
    22. Vermaelen, Theo, 1981. "Common stock repurchases and market signalling : An empirical study," Journal of Financial Economics, Elsevier, vol. 9(2), pages 139-183, June.
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    Cited by:

    1. Rosati, Pierangelo & Cummins, Mark & Deeney, Peter & Gogolin, Fabian & van der Werff, Lisa & Lynn, Theo, 2017. "The effect of data breach announcements beyond the stock price: Empirical evidence on market activity," International Review of Financial Analysis, Elsevier, vol. 49(C), pages 146-154.
    2. Wong, Woon K. & Tan, Dijun & Tian, Yixiang, 2009. "Informed trading and liquidity in the Shanghai Stock Exchange," International Review of Financial Analysis, Elsevier, vol. 18(1-2), pages 66-73, March.
    3. Fairchild, Richard & Guney, Yilmaz & Thanatawee, Yordying, 2014. "Corporate dividend policy in Thailand: Theory and evidence," International Review of Financial Analysis, Elsevier, vol. 31(C), pages 129-151.
    4. Bany-Ariffin, A.N. & Mat Nor, Fauzias & McGowan Jr., Carl B., 2010. "Pyramidal structure, firm capital structure exploitation and ultimate owners' dominance," International Review of Financial Analysis, Elsevier, vol. 19(3), pages 151-164, June.

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