Trust, buybacks and equity issues
In this paper, we find that public trust has a significant positive impact on short- and long-term excess returns after buyback announcements and equity issues. In addition to proxies for the likelihood of undervaluation (for buybacks) and overvaluation (for equity issues), the trust variable is the...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1860 https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=2887&context=soa_research |
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| Institution: | Singapore Management University |
| Language: | English |