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...

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Bibliographic Details
Main Authors: Chun-Tsen Yeh, 葉春岑
Other Authors: Keng-Hsin Lo
Format: Others
Language:en_US
Published: 2007
Online Access:http://ndltd.ncl.edu.tw/handle/95988804493949097561

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