The new windows are in no way related to EPMB’s website except that it provides investors information on EPMB’s past and current Bursa announcements and filings. This item may be available elsewhere in EconPapers: Search for items with the same title. BURSA MALAYSIA ANNOUNCEMENT Investor Relations Bursa Malaysia Announcements The links of Bursa Malaysia Announcements will open a new browser window. References: View references in EconPapers View complete reference list from CitEcĬitations: View citations in EconPapers (1) Track citations by RSS feed JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers) Keywords: split announcement stock liquidity stock return Bursa Malaysia (search for similar items in EconPapers) Using panel data analysis, we find that the fixed effect model is more appropriate than the pooled OLS, and the abnormal announcement returns are driven by stock liquidity. The findings also indicate that firms with a low-level liquidity prior to split announcements experienced an increase in liquidity after Ex-date. We found a significant liquidity improvement on the splits announcement, announcement of book closing date and split execution date (Ex-date), while it declined after the split Ex-date. The study uses event study methodology and investigates liquidity changes, the role of liquidity, and the relationship between abnormal returns and liquidity as well. This study examines the impact of stock splits on stock liquidity in Bursa Malaysia from 2004–2018. Mohsen Jafarian: Faculty of Business and Management, UCSI University, 56000 Cheras, Kuala Lumpur, Malaysia Amir Tabibian: School of Business and Law, Edith Cowan University, Joondalup WA 6027, Australia How Does Split Announcement Affect Stock Liquidity? Evidence from Bursa Malaysia
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