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Utilize este identificador para referenciar este registo: http://hdl.handle.net/10071/10313
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Campo DCValorIdioma
dc.contributor.authorPereira, J.-
dc.contributor.authorCutelo, T.-
dc.date.accessioned2015-12-03T19:31:45Z-
dc.date.available2015-12-03T19:31:45Z-
dc.date.issued2013-
dc.identifier.issn1354-7798por
dc.identifier.urihttps://ciencia.iscte-iul.pt/public/pub/id/10398-
dc.identifier.urihttp://hdl.handle.net/10071/10313-
dc.descriptionWOS:000319874500008 (Nº de Acesso Web of Science)-
dc.description.abstractThe Portuguese stock market provides a natural experimental area to analyse theories of optimal price per share. Its characteristics suggest that prices should be very low. Using a sample of 20 stocks from the main Portuguese Stock Index from 1999 to 2010, we observe that Portuguese corporations indeed seek extremely low prices per share through stock splits and similar actions. However, we find that low-price stocks are actually less liquid than high-price stocks. Furthermore, low-price stocks trade at lower valuation ratios. Our results do not support any of the existing theories on optimal price per share and therefore add to the nominal share price puzzle.por
dc.language.isoengpor
dc.publisherWiley-Blackwellpor
dc.rightsembargoedAccesspor
dc.subjectPrice per sharepor
dc.subjectLiquiditypor
dc.subjectValuationpor
dc.subjectStock splitpor
dc.titleTiny prices in a tiny market: evidence from Portugal on optimal share pricespor
dc.typearticleen_US
dc.pagination579-598por
dc.publicationstatusPublicadopor
dc.peerreviewedSimpor
dc.relation.publisherversionThe definitive version is available at: http://dx.doi.org/10.1111/j.1468-036X.2011.00602.xpor
dc.journalEuropean Financial Managementpor
dc.distributionInternacionalpor
dc.volume19por
dc.number3por
degois.publication.firstPage579por
degois.publication.lastPage598por
degois.publication.issue3por
degois.publication.titleEuropean Financial Managementpor
dc.date.updated2015-12-03T19:30:09Z-
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