{"id":"https://openalex.org/W2092385173","doi":"https://doi.org/10.2307/3665511","title":"Reverse Splits and Shareholder Wealth","display_name":"Reverse Splits and Shareholder Wealth","publication_year":1983,"publication_date":"1983-01-01","ids":{"openalex":"https://openalex.org/W2092385173","doi":"https://doi.org/10.2307/3665511","mag":"2092385173"},"language":"en","primary_location":{"id":"doi:10.2307/3665511","doi":"https://doi.org/10.2307/3665511","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665511","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072602541","display_name":"J. Randall Woolridge","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"J. Randall Woolridge","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5020699016","display_name":"Donald R. Chambers","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Donald R. Chambers","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2850,"currency":"USD","value_usd":2850},"apc_paid":null,"fwci":5.0012,"has_fulltext":false,"cited_by_count":74,"citation_normalized_percentile":{"value":0.95865273,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"12","issue":"3","first_page":"5","last_page":"5"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.007600000128149986,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/shareholder-value","display_name":"shareholder value","score":0.8360000252723694},{"id":"https://openalex.org/keywords/stock-splits","display_name":"stock splits","score":0.7870000004768372},{"id":"https://openalex.org/keywords/market-imperfections","display_name":"market imperfections","score":0.7889999747276306},{"id":"https://openalex.org/keywords/transaction-costs","display_name":"transaction costs","score":0.9430000185966492},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.9929999709129333},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.5109999775886536},{"id":"https://openalex.org/keywords/capital-market-efficiency","display_name":"capital market efficiency","score":0.578000009059906}],"concepts":[{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.5941201448440552},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5665050148963928},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4393994212150574},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4352065920829773},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3272581398487091},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3268822133541107},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2433317005634308},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.06915557384490967}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2307/3665511","doi":"https://doi.org/10.2307/3665511","is_oa":false,"landing_page_url":"https://doi.org/10.2307/3665511","pdf_url":null,"source":{"id":"https://openalex.org/S157946625","display_name":"Financial Management","issn_l":"0046-3892","issn":["0046-3892","1755-053X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-2","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Financial Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":5,"referenced_works":["https://openalex.org/W1521182115","https://openalex.org/W2101718392","https://openalex.org/W2110321237","https://openalex.org/W2180740625","https://openalex.org/W3124659470"],"related_works":["https://openalex.org/W2021369112","https://openalex.org/W2180740625","https://openalex.org/W2035847352","https://openalex.org/W4406202777","https://openalex.org/W2071445672","https://openalex.org/W2942254474","https://openalex.org/W3203685908","https://openalex.org/W571996830","https://openalex.org/W2896873021","https://openalex.org/W3123786324"],"abstract_inverted_index":{"perfect":[0],"capital":[1],"markets,":[2],"neither":[3],"reverse":[4],"nor":[5],"direct":[6,46,62],"splits":[7,28,47],"influence":[8],"shareholder":[9,70],"wealth.":[10,71],"In":[11,32],"practice,":[12],"however,":[13],"market":[14],"imperfections":[15],"such":[16],"as":[17,29],"transactions":[18],"costs":[19],"and":[20,39],"information":[21],"asymmetries":[22],"can":[23],"be":[24],"cited":[25],"in":[26,57],"defending":[27],"management":[30],"tools.":[31],"their":[33],"seminal":[34],"article,":[35],"Fama,":[36],"Fisher,":[37],"Jensen,":[38],"Roll":[40],"[2]":[41],"analyze":[42],"the":[43],"impact":[44],"of":[45],"on":[48,69],"stockholder":[49],"returns.":[50],"Their":[51],"conclusion,":[52],"which":[53],"has":[54],"been":[55],"corroborated":[56],"subsequent":[58],"studies,":[59],"is":[60],"that":[61],"splits,":[63],"per":[64],"se,":[65],"have":[66],"no":[67],"effect":[68]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":5},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
