Tamaño De Transacciones, Introducción De Órdenes y Preferencias Por Precios en Los Splits De Acciones

In this study we analyse the effect of stock splits on stocks¿ trading activity using intraday data from a sample of 46 stock splits from the Spanish stock market. In particular, we study changes to trading activity, trading composition, the information asymmetry of stocks, the distribution of the order flow, in order to test two versions of the liquidity hypotheses: