Credibility of corporate announcements and market reaction : evidence from Canadian share repurchase programs
Firms that announce open-market share repurchase programs are not obligated to follow through in the actual acquisition of shares. In fact, we find that the majority of firms fail to acquire the target number of shares specified at announcement and many firms fail to repurchase any shares at all. Th...
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| Format: | Others |
| Language: | en |
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University of Saskatchewan
2006
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| Online Access: | http://library.usask.ca/theses/available/etd-11022006-145120/ |