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The Impact of Clientele Changes: Evidence From Stock Splits

This paper examines the trading of individual investors around stock splits and find that splits are associated with a change in investor clientele. A higher fraction of post-split trades is made by less sophisticated investors. The paper also finds that individual investor's trade more frequently after splits and that trade...

Tags: Asset management, Financial accounting, Yale University, split, asset price, investor, asset, stock

White papers 2003-03-01

Additional Resources

Another 7-inch worth checking out is the Nikki and the Corvettes "Yummy! Yummy! Yummy!" on Ramo Records

Another 7-inch worth checking out is the Nikki and the Corvettes "Yummy! Yummy! Yummy!" on Ramo Records. Recorded in 1978, it's bubblegum punk at its finest, and a precursor to The Donnas and their ilk. Plus, the song's great: TV's the Banana Splits did a famous version as well of...

Articles 2008-07-01

Primary election postmortem

If you voted Tuesday, you can skip this diatribe and go back to eating your Cheerios. The rest of you, read on. By virtue of sitting out this election, you allowed less than 10 percent of the state's registered voters to select the Republican candidates for one...

Articles 2008-06-26

Missouri Supreme Court decisions narrow credibility attacks

If you're a criminal defense attorney, it just got a little harder to impeach an alleged victim. The Missouri Supreme Court this week narrowed the admissibility of prior false allegations from an alleged victim that doesn't come from their direct testimony. In two decisions...

Articles 2008-06-26

Missouri Supreme Court: Decisions narrow credibility attacks

If you're a criminal defense attorney, it just got a little harder to impeach an alleged victim. The Missouri Supreme Court this week narrowed the admissibility of prior false allegations from an alleged victim that doesn't come from their direct testimony. In two decisions...

Articles 2008-06-26

FirstFlight stockholders approve possible reverse split and re-elect board

AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD FirstFlight Inc (OTC BB: FFLT), a charter management and aviation services company, has said that stockholders at the company's annual meeting have approved a possible reverse stock split. The proposed reverse split would be not less than one-for-three and not...

Articles 2008-06-25

Wi-Fi TV Inc. to Deliver Free Personal TV Stations to U.S., China and Europe, Seek Top Web Site Ranking, Reverse Stock and Launch Shareholder Loyalty Program

New Shareholder Benefits Will Be Backed by Form Available by Email NEWPORT BEACH, Calif. -- Wi-Fi TV Inc. (Pink Sheets:WTVN) today announced a Shareholder Loyalty Program, a reverse stock split and a new business plan aimed at aggressively growing the number of Wi-Fi TV registered users (www.Wi-FiTV.com) and...

Articles 2008-06-25

Actor in residence

MY HOME Now a much-loved family home, Tom Conti's house was once split into flats with lino on the windows. He explains how it was transformed After Kara and I got married in Scotland in 1967, we decided to chance our arms in...

Articles 2008-06-25

Raptors fall to Chukars; Owlz split DH

At Ogden, the Raptors blew a 3-0 lead as an Alwin Perez double scored two runs to tie the game in the eighth inning. Then Chukar John Alfaro ended the game in the 12th inning with a double to center to collect three RBIs.The Raptors suffered four errors, but Devaris...

Articles 2008-06-25

Newly split Jordan districts select school board members

Utah's premiere school district division is well on its way now, as voters elected new members of the school board in both the east- and west-side Jordan School District. The new board members in the west-side district are: Rick Bojak, Carmen Freeman, Richard Osborn and Leah Voorhies....

Articles 2008-06-25

Is the Anglican Communion heading towards an inevitable split?

The big question Why are we asking this now? In recent decades the Anglican Communion has been sharply divided over a number of issues, particularly whether homosexuality should be accepted and tolerated in the Church. But things are really coming to a head. Next...

Articles 2008-06-25

Edgerton could erase district lines

The days of aldermanic districts in Edgerton could be numbered, but that does not sit well with residents concerned about having the interests of their sides of town fairly represented. "I think you need to have people represent the area you live in," said resident Judy Eggen....

Articles 2008-06-25

Prepaid Evolution 2008 to 2012 Wireless, Card & Internet Opportunities Explores Each of the Individual Prepaid Products: Wireless, Phone Card and Internet

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/8d69f5/prepaid_evolution) has announced the addition of the "Prepaid Evolution 2008 to 2012: Wireless, Card & Internet Opportunities" report to their offering. Prepaid Evolution 2008 to 2012: Wireless, Card & Internet Opportunities explores each of the individual prepaid products, wireless, phone card, and...

Articles 2008-06-25

SouthPeak Interactive Expands Distribution of Roogoo to Windows PC

SouthPeak's Critically Acclaimed Xbox LIVE[R] Arcade Puzzle Game is Available Now Wherever PC Games are Sold MIDLOTHIAN, Va. -- SouthPeak Interactive Corporation (OTC Bulletin Board: SOPK; SOPKU; SOPKW; SOPKZ) today announced that its puzzle game Roogoo is now available for Windows PC. Roogoo, which was previously released on...

Articles 2008-06-25

Trango Broadband Wireless Presents Licensed Microwave Backhaul Training

Trango Broadband Wireless, leadingglobal developer of licensed and unlicensed microwave wirelesssolutions , today announced a schedule of monthly training sessions tobe held at the company's Poway, California facility, just minutes fromdowntown San Diego. The one-day certification training program is free to current and newTrango customers and will focus on Trango's...

Articles 2008-06-25

New Report Provides Global Sizing of the Telecom Retail Billing Market in 2005-2007, As Well As a Five-Year Forecast Split by Five Regions

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/dbc67c/telecoms_retail_bi) has announced the addition of the "Telecoms Retail Billing: Global Market Sizing and Forecasts 2005-2012" report to their offering. "The global market for telecoms retail billing solutions is set to grow from EUR2.6 billion in 2007 to over EUR3.2 billion in...

Articles 2008-06-24

Market 99 Approves Plan for Reverse Stock Split

Market 99, Ltd. (PINKSHEETS: MNTY) -- Companyofficials today announced that over the past several weeks, The Board ofDirectors along with legal counsel and business consultants have beenengaged in numerous meetings discussing the avenues needed to enable thesuccess of Market 99. Unanimous approval from the entire Board of Directorsvoted it is...

Articles 2008-06-24

Photo: PR Newswire Appoints James B. Slattery as Chief Information Officer

Newswire veteran with more than 25 years of information technology experience NEW YORK, June 24 /PRNewswire/ -- PR Newswire today announced the appointment of James B. Slattery to the position of chief information officer. (Photo: http://www.newscom.com/cgi-bin/prnh/20080624/NYTU057 Logo: http://www.newscom.com/cgi-bin/prnh/20000306/PRNLOGO ) To view...

Articles 2008-06-24

Regions Announces $1 Million Contribution to Auburn University

BIRMINGHAM, Ala. -- Regions Financial Corporation (NYSE:RF) today announced a $1 million commitment to Auburn University, which will be split equally between the School of Forestry and Wildlife Sciences and the School of Business. The funds will support a special endowment for a new professor in forestry in addition to...

Articles 2008-06-24

Obama, McCain seek an edge in campaign

We are barely at the beginning of the long period in which most Americans will give their first serious scrutiny to the presidential candidates and decide whether Barack Obama or John McCain will get their vote. They have many questions about both these men. ...

Articles 2008-06-24