The liquidity impact of open market share repurchases
We examine the market liquidity impact of open market share repurchases in a computerized order driven market. Using a detailed dataset of daily repurchase transactions on the Stockholm Stock Exchange together with intraday data on bid-ask spreads and order depths enable us to examine liquidity effe...
| Main Authors: | , |
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| Format: | Others |
| Language: | English |
| Published: |
KTH, Entreprenörskap och Innovation
2013
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| Subjects: | |
| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-122242 |