Browsing by Author "Celen, Remzi Cihan"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • Thumbnail Image
    Master Thesis
    An Analysis on the Effect of Stock Split Announcements on Stock Returns in Borsa İstanbul
    (2019) Gürler, Buğrahan; Celen, Remzi Cihan; Karahan, Mehmet Oğuz
    In this study, the effects of the announcements of stock splits to stock returns in Borsa İstanbul between 2015-2017 are analyzed using event study methodology. For the analysis, the event window is determined as 5 days before and 5 days after the announcement of the stock splits. The findings of the research suggests that it is not possible to obtain statistically significant abnormal returns after the announcements. Consistent with semi-strong form efficiency, statistically significant abnormal returns are observed only in announcement date. Additionally, statistically significant cumulative abnormal returns are observed on the day of and after the announcement.