Chang, Saeyoung; Puthenpurackal, John - In: Journal of Business Research 67 (2014) 4, pp. 623-630
In this paper we provide the first comprehensive examination of the stock price reaction to announcements of convertible preferred stock repurchases over the 1981 to 2005 period. We document a positive and significant average common stock abnormal return of 3.27% around announcements of these...