Aktiesplit: Värdeskapande för aktieägarna? En eventstudie av aktiesplittar på den svenska marknaden 2005-2016

Sammanfattning: This event study examines the shareholder wealth around the announcement of stock splits in the Swedish market during the period 2005-2016. The study separates stock dividends from stock splits, only examining the latter. The announcement of a stock split is often contaminated by a simultaneous earnings and dividend announcement, hence the study also aims to handle these confounding events. Two samples, one pure and one contaminated, are studied separately. Statistically significant abnormal returns as a result of stock split announcements are not found.