Pacheco, Luís Krug; Raposo, Clara - Faculdade de Economia e Gestão, Universidade Católica … - 2009
In this paper, we study the timing of initial stock repurchases for a sample of firms from their IPO onwards, using … repurchases, consistent with the results of Jagannathan and Stephens (2003) for the likelihood of less frequent stock repurchases … are particularly consistent with the timing and undervaluation signaling hypotheses in explaining the timing of stock …