A RECENT PAPER BY Ohlson and Penman [7](henceforth OP) documents for stock splits
larger than two-for-one (one hundred percent), the volati stock returns after the ex-split date is …

This paper shows that the effects of bid-ask spreads and price discreteness on observed
stock returns are related to stock price level, properties of the bid-ask spread and the nature of …

A puzzling increase in the measured volatility of stock returns subsequent to the exdates of
large stock splits was reported by Ohlson and Penman (1985). The first essay in this …

By using volatility as the sole measure of risk, the traditional asset allocation approach neglects
some investors' concerns about achieving a critical threshold return that remains fixed as …

… Bader and Ajay R. Dravid are vice presidents in the Research Department and Stanley
Kogehnan is a director in the Research Department of Salomon Brothers hw in New York. …

… communication and team working during a simulated airway emergency (Dravid, 2008).
Subsequently in Phase 2, SMART … Data was analysed using R statistical software version 2.1.1. …

… Rashmi Dravid, University of Northampton, UK Dr. Saket Srivastava, University of Lincoln,
UK Dr. Peter Smith, University of Sunderland, UK Dr. … Ajay Shriram Kushwaha, School of …

This paper provides evidence that firms signal their private information about future earnings
by their choice of split factor. Split factors are increasing in earnings forecast errors, after …