Year: 1970
Type: article
Abstract: A reverse stock split is an accounting procedure which is used by a corporation to reduce the number of outstanding shares and, simultaneously, increase its par value.Given certain circumstances, a reverse stock split could help corporations achieve certain financial goals.However, compared to the direct stock split, not many corporations seem to take advantage of the reverse split.On the average, during the last decade, only about 5 percent of all splits performed by the companies listed on the New York Stock Ex-
Source: Journal of Business Strategies
Authors: James Hopson, Mojtaba Seyedian
Institution: SUNY Fredonia
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W3203685908