Security Issue Timing: What Do Managers Know, and When Do They Know It?
收藏NBER2006-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12724
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资源简介：
We study put option sales undertaken by corporations during their repurchase programs. Put sales' main theoretical motivation is market timing, providing an excellent framework for studying whether security issues reflect managers' ability to identify mispricing. Our evidence is that these bets
提供机构：
美国国家经济研究局
创建时间：
2006-12-01
