Stock repurchases, market timing, and long-run performance
碩士 === 國立中正大學 === 財務金融所 === 96 === This paper tests theories suggesting that valuation errors affect repurchase activity, we develop a decomposition that breaks the market-to-book ratio (M/B) into three components: the firm-specific pricing deviation from short-run industry pricing; sector-wide, sho...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2008
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| Online Access: | http://ndltd.ncl.edu.tw/handle/07002722782149086446 |