Lo, Keng-Hsin; Wang, Kehluh; Yeh, Chun-Tsen - In: Emerging Markets Finance and Trade 44 (2008) 1, pp. 84-94
This paper explores stock repurchase and agency issues in an emerging market with special regulations. Using match samples, agency-related variables are investigated for pre- and postannouncement periods. Our empirical evidence demonstrates that stock repurchase is related to agency cost...