Market Underreaction to Open Market Share Repurchases
收藏NBER1994-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4965
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资源简介：
We examine long-run firm performance following open market share repurchase announcements which occurred during the period 1980 to 1990. We find that the average abnormal four-year buy-and-hold return measured after the initial announcement is 12.1 percent. For `value' stocks, companies more likely
提供机构：
美国国家经济研究局
创建时间：
1994-12-01
