A study about who is interested in stock splitting and why: considering companies, shareholders or managers

There are many misconceptions around stock prices, stock splits, shareholders, investors, and managers behaviour about such informations due to a number of confounding factors. This paper tests hypotheses with a selected database, about the question ''is stock split attractive for companies?'' in another words, ''why companies split their stock?'', ''why managers split their stock?'', sometimes for no benefit, and ''why shareholders agree with such decisions?''. We contribute to the existing kno...