An investigation of the uses of reverse stock splits and an empirical analysis of their impact on the value of the firm

dc.contributor.advisorPettit, R. Richardson
dc.contributor.committeeMemberCrockett, John H.
dc.contributor.committeeMemberHochman, Shalom J.
dc.contributor.committeeMemberPeixoto, Julio L.
dc.creatorPickford, Lavon Jensen
dc.date.accessioned2023-10-04T16:13:08Z
dc.date.available2023-10-04T16:13:08Z
dc.date.issued1985
dc.description.abstractThe research approaches reverse stock splits from both a cause and effect perspective. The underlying basis for management decisions to propose a reverse split is examined with an analysis of the institutional and legislative environment relating to security price level. There are two fundamental effects of a reverse split: 1) an increase in share price, which is theoretically in inverse proportion to the split ratio, and 2) a decrease in the number of shares in proportion to the split ratio. Both of these effects are explored to determine possible uses of reverse splits as a management tool. A model is developed which expresses potential costs and benefits to the firm. [...]
dc.description.departmentBusiness, C. T. Bauer College of
dc.format.digitalOriginreformatted digital
dc.format.mimetypeapplication/pdf
dc.identifier.other13568978
dc.identifier.urihttps://hdl.handle.net/10657/15161
dc.language.isoen
dc.rightsThis item is protected by copyright but is made available here under a claim of fair use (17 U.S.C. Section 107) for non-profit research and educational purposes. Users of this work assume the responsibility for determining copyright status prior to reusing, publishing, or reproducing this item for purposes other than what is allowed by fair use or other copyright exemptions. Any reuse of this item in excess of fair use or other copyright exemptions requires express permission of the copyright holder.
dc.subjectStock splitting
dc.subjectCorporations--Valuation
dc.titleAn investigation of the uses of reverse stock splits and an empirical analysis of their impact on the value of the firm
dc.type.dcmiText
dc.type.genreThesis
thesis.degree.collegeC. T. Bauer College of Business
thesis.degree.departmentBusiness Administration, College of
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorUniversity of Houston
thesis.degree.levelDoctoral
thesis.degree.nameDoctor of Philosophy

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Pickford_1985_13568978.pdf
Size:
4.97 MB
Format:
Adobe Portable Document Format