by Cheng Koon Chuen, Louie Mei Po. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1998. / Includes bibliographical references (leaves 46-49). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF TABLES --- p.v / Chapter / Chapter I --- INTRODUCTION --- p.1 / Chapter II --- LITERATURE REVIEW --- p.4 / Abnormal Returns --- p.5 / Information Signal --- p.6 / Impact on Liquidity --- p.8 / Impact on Volatility --- p.9 / Impact on Risk --- p.10 / Managerial Motives --- p.11 / Trading Range --- p.12 / Signalling --- p.13 / Liquidity --- p.13 / Other Motives --- p.14 / Research Findings --- p.14 / Chapter III --- DATA DESCRIPTION --- p.18 / Chapter IV --- METHODOLOGY --- p.21 / Shareholder Wealth Effects --- p.21 / Changes of Volatility --- p.23 / Change of Risk --- p.25 / Interview --- p.26 / Interviewees --- p.26 / Interview Schedule --- p.26 / Chapter V --- RESULTS --- p.28 / Shareholder Wealth Effects --- p.28 / Volatility Changes After Splits --- p.29 / Beta Changes Around Splits --- p.29 / Interview Results --- p.30 / Managerial Motives --- p.30 / Market Comments --- p.35 / Chapter VI --- CONCLUSION --- p.39 / APPENDIX --- p.41 / BIBLIOGRAPHY --- p.46