政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/117541

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 112721/143689 (78%)
Visitors : 49515611 Online Users : 803

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大典藏 > College of Commerce > Department of Finance > Periodical Articles > Item 140.119/117541

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/117541

Title:	Does Prior Record Matter in the Wealth Effect of Open-Market Share Repurchase Announcements?
Authors:	陳聖賢 Chang, Shao-Chi Chen, Sheng-Syan Chen, Li-Yu
Contributors:	財管系
Keywords:	Share repurchase;Record on actual buyback;Stock performance
Date:	2010
Issue Date:	2018-06-11 17:00:10 (UTC+8)
Abstract:	This study investigates whether prior experience of share repurchases matters in the market reactions to the subsequent repurchase announcements. Specifically, we study the prior record on actual buybacks and post-announcement stock performance. We find that upon the announcement of share repurchases, stock markets not only respond more positively to those made by firms that have better record on actual buyback following their previous repurchase plan announcements, but also experience a stronger reaction for announcing firms with better stock performance after prior repurchase announcements. These results hold even after controlling for other variables that are found important in influencing the market reactions to repurchase announcements.
Relation:	International Review of Economics and Finance, Vol.19, No.3, pp.427-435
Data Type:	article
DOI link:	http://dx.doi.org/10.1016/j.iref.2009.10.015
DOI:	10.1016/j.iref.2009.10.015
Appears in Collections:	[Department of Finance] Periodical Articles

Files in This Item:

File	Description	Size	Format
S1059056009001208.pdf		183Kb	Adobe PDF2	387	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...