How is the market reaction to stock splits?

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Stock splits, trading continuity, and the cost of equity capital☆ (2009, background): “Consistent with Copeland (1979) and Lamoureux and Poon (1987), we find that the average turnover decreases after the splits for our NYSE/AMEX subsample, although it increases for our Nasdaq subsample.”
Stock split size, signaling and earnings management: Evidence from the Spanish market (2007, background): “…impacts, as their announcements are usually accompanied by significantly positive abnormal returns, both in the US market (Grinblatt et al., 1984, Lamoureux and Poon, 1987, Ikenberry et al. 1996, and Byun and Rozeff, 2003) and in other countries: Canada (Kryzanowski and Zhang, 1991); Hong Kong…”
How Stock Splits Affect Trading: A Microstructure Approach (2001, background): “, Grinblatt, Masulis, and Titman (1984); Lamoureux and Poon (1987)) gives credence to this optimistic view.”