Market Reaction to Open-market Stock Repurchase Announcements
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We examine long-run firm performance following open market share repurchase announcements which occurred during the period 1980 to 1990. We find that the averag
In this study, we explore the market reaction to the announcement of stock repurchase plans, and the mutual influence between the actual fulfillment rate of sto
I ask why a firm would choose to buy back its outstanding shares after the stock price goes up in response to an open-market repurchase announcement. I introduc
We examine long-run firm performance following open market share repurchase announcements which occurred during the period 1980 to 1990. We find that the averag