Disentangling the Repurchase Announcement An Event Study Analysis to the Purpose of Repurchases
Researchers have consistently shown that a firms repurchase announcement is met with positive abnormal stock price return reactions. Open-market repurchases are extremely flexible, non-committal and non-punitive; thus, it is puzzling that the mere announcement of an open-market repurchase will likel...
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| Format: | Others |
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Scholar Commons
2005
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| Online Access: | https://scholarcommons.usf.edu/etd/914 https://scholarcommons.usf.edu/cgi/viewcontent.cgi?article=1913&context=etd |