ESSAYS ON SHARE REPURCHASES
In my first chapter, we document and study the use of Rule 10b5 1 preset repurchase plans. We exploit this new and widespread form of payout to examine an issue at the core of payout decisions—the tradeoff between commitment and financial flexibility. Relative to open market repurchases, preset plan...
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| Format: | Others |
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UKnowledge
2018
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| Online Access: | https://uknowledge.uky.edu/finance_etds/7 https://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1006&context=finance_etds |