Foreign trading around stock split announcement in Vietnam stock market

  • Võ Xuân Vinh https://hvnh.edu.vn/tapchi/vi/thang-3-19/vo-xuan-vinh-dang-buu-kiem-giao-dich-cua-nha-dau-tu-nuoc-ngoai-voi-thong-bao-chia-tach-co-phieu-tren-thi-truong-chung-khoan-viet-nam-256.html
  • Đặng Bửu Kiếm https://hvnh.edu.vn/tapchi/vi/thang-3-19/vo-xuan-vinh-dang-buu-kiem-giao-dich-cua-nha-dau-tu-nuoc-ngoai-voi-thong-bao-chia-tach-co-phieu-tren-thi-truong-chung-khoan-viet-nam-256.html
Keywords: foreign trading behavior, split announcement, event study.

Abstract

This paper investigates foreign trading behavior around stock split announcement. The sample includes 194
stock split events of listed companies on the Ho Chi Minh City Stock Exchange from 2012 to 2015. Employing the
method of event study, the result indicates that foreign investors are interested in splitting announcement. They
perform abnormal purchases and sales around the event date. In addition, purchase and sale transactions by
foreign investors are performed with greater magnitude of trading volume on days after the announcement date
compared to the pre-announcement date

điểm /   đánh giá
Published
2019-03-25
Issue
No. 202 (2019)
Section
Bài viết