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  • Search: subject:"Managerial signal"
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Earnings management 1 Managerial signal 1 Share repurchase 1
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English 1
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Chan, K 1 Ikenberry, DL 1 Lee, I 1 Wang, Y 1
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Share repurchases as a potential tool to mislead investors
Chan, K; Ikenberry, DL; Lee, I; Wang, Y - 2010
A rich literature argues that stock repurchases often serve as positive economic signals beneficial to investors. Yet due to their inherent flexibility, open-market repurchase programs have long been criticized as weak signals lacking commitment. We evaluate whether some managers potentially use...
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