Nquyen, Thanh T; Sutton, Ninon K; Dung (June) Pham - In: Managerial Finance 41 (2015), pp. 205-224
Purpose -The purpose of this paper is to reexamine the stock price drifts after open-market stock repurchase announcements by differentiating actual repurchases from repurchase announcements and by controlling for the repurchasing firms’ earnings improvement in the announcement year relative...