Managerial trustworthiness and buybacks

CEO trustworthiness is positively related to long-term excess returns after buyback announcements. When the CEO is trustworthy, statements that the stock is undervalued are more credible. CEO trustworthiness is initially measured by the extent to which people in the county where the company headquar...

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Bibliographic Details
Main Authors: HUANG, Sterling, SNELLMAN, Kaisa, VERMAELEN, Theo
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/1888
https://ink.library.smu.edu.sg/context/soa_research/article/2914/viewcontent/Managerial_Trustworthiness_and_Buybacks_2020_final.pdf
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Institution: Singapore Management University
Language: English