The Timing and Source of Long-Run Returns Following Repurchases
This paper investigates the timing and source of anomalous positive long-run abnormal returns following repurchase authorizations. Returns between program authorization and completion announcements are indistinguishable from 0. Abnormal returns occur only after completion announcements. Long-run ret...
| Main Authors: | , , |
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| Other Authors: | |
| Language: | en |
| Published: |
CAMBRIDGE UNIV PRESS
2017
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| Online Access: | http://hdl.handle.net/10150/624083 http://arizona.openrepository.com/arizona/handle/10150/624083 |