{"created":"2023-06-23T12:12:54.890908+00:00","id":958,"links":{},"metadata":{"_buckets":{"deposit":"2b4cd5d8-e9dc-46f1-b456-67cd0c60fac5"},"_deposit":{"created_by":14,"id":"958","owners":[14],"pid":{"revision_id":0,"type":"depid","value":"958"},"status":"published"},"_oai":{"id":"oai:iuj.repo.nii.ac.jp:00000958","sets":["1"]},"author_link":["1028","1027"],"item_10002_biblio_info_7":{"attribute_name":"書誌情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2021-02","bibliographicIssueDateType":"Issued"},"bibliographic_titles":[{"bibliographic_title":"Economics & Management Series "},{"bibliographic_title":"Economics & Management Series ","bibliographic_titleLang":"en"}]}]},"item_10002_description_5":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"The paper examines the relation between nominal share price and price momentum, explicitly controlling for nominal share price levels. The results show that very high/low nominal share price stocks lack price momentum and utilize more systemic risk which remains even controlling for stock splits. While splitting a stock allows firm managers to keep the nominal share price constant, thereby increasing firm value and attracting more investors, it also increases the likelihood of uninformed trading by those with limited budgets and risk share capacity. As a result, splitting a stock causes stock information to diffuse more slowly, leading to higher price momentum.","subitem_description_type":"Abstract"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Chuang, Hongwei"}],"nameIdentifiers":[{"nameIdentifier":"1028","nameIdentifierScheme":"WEKO"}]},{"creatorNames":[{"creatorName":"Hongwei, Chuang","creatorNameLang":"en"}],"nameIdentifiers":[{"nameIdentifier":"1027","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2023-06-08"}],"displaytype":"detail","filename":"EMS_2021_01.pdf","filesize":[{"value":"573.4 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"EMS_2021_01","url":"https://iuj.repo.nii.ac.jp/record/958/files/EMS_2021_01.pdf"},"version_id":"b89e5239-0c84-4dcb-abd8-c99d440d0f66"}]},"item_keyword":{"attribute_name":"キーワード","attribute_value_mlt":[{"subitem_subject":"Price Risk","subitem_subject_scheme":"Other"},{"subitem_subject":"Momentum Crash","subitem_subject_scheme":"Other"},{"subitem_subject":"Stock Split/Dividend","subitem_subject_scheme":"Other"},{"subitem_subject":"Price Ris","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Momentum Crash","subitem_subject_language":"en","subitem_subject_scheme":"Other"},{"subitem_subject":"Stock Split/Dividend","subitem_subject_language":"en","subitem_subject_scheme":"Other"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"How Much Does Nominal Share Price Matter?","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"How Much Does Nominal Share Price Matter?"},{"subitem_title":"How Much Does Nominal Share Price Matter?","subitem_title_language":"en"}]},"item_type_id":"10002","owner":"14","path":["1"],"pubdate":{"attribute_name":"公開日","attribute_value":"2021-02-22"},"publish_date":"2021-02-22","publish_status":"0","recid":"958","relation_version_is_last":true,"title":["How Much Does Nominal Share Price Matter?"],"weko_creator_id":"14","weko_shared_id":-1},"updated":"2023-06-23T12:16:02.106175+00:00"}