What drives the declining wealth effect of subsequent share repurchase announcements?
Recent academic studies document that open market share repurchase announcements in the United States generate significantly lower returns than those reported in earlier studies. We find that the lower announcement return is associated with an increasing number of subsequent announcements in the mor...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6619 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7618/viewcontent/jrfm_13_00176.pdf |
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| Institution: | Singapore Management University |
| Language: | English |