We investigate whether number processing impacts the limit order aggressiveness of retail
investors. When posting non-marketable orders, individual investors are less aggressive on …

This study investigates whether firm's management uses split ratios to target low price
anchors in order to impact post-split ownership. We report anchoring bias for the lowest …

Researchers are often interested in modeling binary decisions made by firms (eg, the yes or
no decisions to split the shares, initiate a dividend, or acquire another firm) as functions of …

We test the split signaling hypothesis by examining the reaction of sophisticated investors to
stock split announcements. Return-based tests of signaling used in earlier studies produce …