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Split or Dividend: Do the Words Really Matter?

James A. Millar

Associate Professor, College of Business Administration, University of Arkansas. 1

The Accounting Review 1977

This article reviews the position of the AICPA on the use of the terms "stock dividend" or "stock split" to describe large stock distributions. An empirical examination of 122 stocks was made to determine whether the prices of the common stocks are affected by the terms used to describe the stock distribution. The test results show no association between terminology and stock prices.

DOI
10.2308/tar-4493474
Volume
52 (1)
Pages
52-55
Language
en
Export
BibTeX
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