Hung, Jung-Hua; Chen, Yi-Pei - In: Emerging Markets Finance and Trade 46 (2010) 2, pp. 101-115
This paper analyzes share repurchase programs, which are subject to specific legal restrictions in Taiwan, to determine whether the unique item repurchase price range conveys information regarding the degree of undervaluation and future prospects of a firm. We find that the price range conveys...