Is Share Price Related to Marketability? Evidence from Mutual Fund Share Splits

Chitru S. Fernando, Srinivasan Krishnamurthy and Paul A. Spindt

Financial Management, 1999, vol. 28, issue 3

Abstract: 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.

Date: 1999
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