{"created":"2022-01-28T04:38:26.158414+00:00","id":2007958,"links":{},"metadata":{"_buckets":{"deposit":"ce4c43dd-88b8-4063-8bb5-41608f47b7c8"},"_deposit":{"id":"2007958","owner":"1","owners":[1],"pid":{"revision_id":0,"type":"depid","value":"2007958"},"status":"published"},"_oai":{"id":"oai:u-ryukyu.repo.nii.ac.jp:02007958","sets":["1642837622505:1642837818741:1642837848756","1642838403551:1642838405494"]},"author_link":[],"item_1617186331708":{"attribute_name":"Title","attribute_value_mlt":[{"subitem_1551255647225":"イベント情報としての株式分割 : 株式会社サンエーを事例にして","subitem_1551255648112":"ja"},{"subitem_1551255647225":"Stock Splits As An Event-Study Analysis : In Case of San-A Co.,LTD","subitem_1551255648112":"en"}]},"item_1617186419668":{"attribute_name":"Creator","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"桑原, 和典","creatorNameLang":"ja"}]},{"creatorNames":[{"creatorName":"Kuwahara, Kazunori","creatorNameLang":"en"}]}]},"item_1617186476635":{"attribute_name":"Access Rights","attribute_value_mlt":[{"subitem_1522299639480":"open access","subitem_1600958577026":"http://purl.org/coar/access_right/c_abf2"}]},"item_1617186609386":{"attribute_name":"Subject","attribute_value_mlt":[{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"株式分割"},{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"通常型分割"},{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"効率的市場仮説"},{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"セミストロング・フォーム"},{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"流動性仮説"},{"subitem_1522299896455":"ja","subitem_1522300014469":"Other","subitem_1523261968819":"売買回転率"}]},"item_1617186626617":{"attribute_name":"Description","attribute_value_mlt":[{"subitem_description":"沖縄県を中心に小売業を展開する株式会社サンエー(東証一部)が2013年8月28日に1株を2株に分割する株式分割を実施した結果，公告日前3ヶ月の平均値と分割日後3ヶ月の平均値を比較すると売買回転率は1.19倍に拡大し，株価は分割調整後比較で12.32％上昇したのである。このパズルを理論的に説明するために，本稿では，2008年から2013年に株式分割を実施した企業753社について，流動性仮説の視点から株式分割を検証している。効率的資本市場において株式分割を実施しても，株式時価総額は一定のままであり，株式分割は分割後調整株価に対して独立であるが，現実的市場においては，分割調整後株価が上昇するというアノマリーが生じる場合が散見される。その株価上昇要因の1つに株式の流動性増大が寄与していると捉え，本稿では，株式分割公告日前3ヶ月間と公告日から株式分割実施日の期間と分割実施後3ヶ月間の3つの期間について，売買回転率平均値および分割調整後株価平均値を比較することで，この株式分割のパズルに対する考察を行っている。","subitem_description_type":"Other"},{"subitem_description":"紀要論文","subitem_description_type":"Other"}]},"item_1617186643794":{"attribute_name":"Publisher","attribute_value_mlt":[{"subitem_1522300295150":"ja","subitem_1522300316516":"琉球大学法文学部"},{"subitem_1522300295150":"en","subitem_1522300316516":"Faculty of Law and Letters University of the Ryukyus"}]},"item_1617186702042":{"attribute_name":"Language","attribute_value_mlt":[{"subitem_1551255818386":"jpn"}]},"item_1617186783814":{"attribute_name":"Identifier","attribute_value_mlt":[{"subitem_identifier_type":"HDL","subitem_identifier_uri":"http://hdl.handle.net/20.500.12000/31574"}]},"item_1617186819068":{"attribute_name":"Identifier Registration","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.24564/0002007958","subitem_identifier_reg_type":"JaLC"}]},"item_1617186920753":{"attribute_name":"Source Identifier","attribute_value_mlt":[{"subitem_1522646500366":"ISSN","subitem_1522646572813":"0557-580X"},{"subitem_1522646500366":"NCID","subitem_1522646572813":"AN00250468"}]},"item_1617186941041":{"attribute_name":"Source Title","attribute_value_mlt":[{"subitem_1522650068558":"ja","subitem_1522650091861":"琉球大学経済研究＝Ryukyu University Economic Review"}]},"item_1617187056579":{"attribute_name":"Bibliographic Information","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"2014-09-30","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"88","bibliographicPageEnd":"13","bibliographicPageStart":"1"}]},"item_1617258105262":{"attribute_name":"Resource Type","attribute_value_mlt":[{"resourcetype":"departmental bulletin paper","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_1617265215918":{"attribute_name":"Version Type","attribute_value_mlt":[{"subitem_1522305645492":"VoR","subitem_1600292170262":"http://purl.org/coar/version/c_970fb48d4fbd8a85"}]},"item_1617605131499":{"attribute_name":"File","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_access","filename":"No88p001.pdf","mimetype":"application/pdf","url":{"objectType":"fulltext","url":"https://u-ryukyu.repo.nii.ac.jp/record/2007958/files/No88p001.pdf"},"version_id":"46fad6f1-5c22-48ed-9427-1b22c5795b44"}]},"item_title":"イベント情報としての株式分割 : 株式会社サンエーを事例にして","item_type_id":"15","owner":"1","path":["1642837848756","1642838405494"],"pubdate":{"attribute_name":"PubDate","attribute_value":"2015-08-20"},"publish_date":"2015-08-20","publish_status":"0","recid":"2007958","relation_version_is_last":true,"title":["イベント情報としての株式分割 : 株式会社サンエーを事例にして"],"weko_creator_id":"1","weko_shared_id":-1},"updated":"2022-11-29T05:53:49.514048+00:00"}