The Persistence of Long-Run Abnormal Returns Following Stock Repurchases and Offerings

The Persistence of Long-Run Abnormal Returns Following Stock Repurchases and Offerings

The long-run abnormal returns following both stock repurchases and seasoned equity offerings disappear for the events in 2003–2012. The disappearance is associated with the changing market environment: increased institutional investment, decreased trading costs, improved liquidity, and enhanced regu...

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Bibliographic Details
Main Authors: FU, Fangjian, HUANG, Sheng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2015
Subjects:
long-run abnormal returns
market efficiency
stock repurchases
seasoned equity offerings
feedback effect of financial markets
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3225
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4224/viewcontent/FuFJHuang_PersistenceLRAbnormalReturns_PP.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/3225
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4224/viewcontent/FuFJHuang_PersistenceLRAbnormalReturns_PP.pdf

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