Is Share Price Related to Marketability? Evidence from Mutual Fund Share Splits
Stock splits enhance the marketability of mutual fund shares by restoring share prices to a preferred trading range. Mutual funds that split their shares experience significant increases in net assets and shareholders.
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Volume (Year): 28 (1999)
Issue (Month): 3 (Fall)
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- Michael S. Rozeff, 1998. "Stock Splits: Evidence from Mutual Funds," Journal of Finance, American Finance Association, vol. 53(1), pages 335-349, 02.
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