Do stock repurchases expropriate wealth from bondholders?
博士 === 國立中央大學 === 企業管理研究所 === 95 === This paper empirically examines the underinvestment problem and the use of repurchase to expropriate lenders’ wealth. This paper find that, after controlling for timing and industry effects, the repurchasing firm with debt financing has a much smaller stock price...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/95988804493949097561 |