Stock split research paper » Projeto Criança/AIDS(2) increase in number of shares due to the split:A.. objective of stock splitnri will implement the stock split with the objective of increasing the liquidity of its shares and broadening the shareholder base in addition to further enhancing shareholder returns.
IMPACT OF STOCK SPLIT ANNOUNCEMENT ON STOCK PRICES; harvard business school; national bureau of economic research (nber); european corporate governance institute (ecgi); harvard university - accounting & control unitrichard roll california institute of technology. recent papers by mandelbrot and samuelson show rigorously that independence of successive price changes is consistent with an efficient market, i.
. there will be no capital increase as a result of the stock split. conjunction with the stock split, the total number of issuable shares in article 6 of the company’s articles of incorporation will be revised by resolution of the board of directors effective january 1, 2017 in accordance with the provision of paragraph 2, article 184 of the companies act.
. total number of issuable shares after the stock split907,500,000 shares. january 1, 2017, nri will implement a stock split at a ratio of 1.