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institutional investors during the entire execution periods of open-market repurchases (OMR) in Taiwan. A credibility index … information advantage over domestic institutional investors. They buy companies with higher credibility, whereas domestic … sophisticated and possess specialized investment experiences. In addition, we find that foreign institutional investors hold high-credibility …
Persistent link: https://www.econbiz.de/10012979561
Although several empirical studies report significant positive long-run abnormal stock returns following share buybacks, a recent event study paper claims that such anomalies have disappeared in the most recent decade and this disappearance of abnormal performance is not sensitive to the methods...
Persistent link: https://www.econbiz.de/10011450058
repurchase decisions. Examining 220 exchange-listed companies in Taiwan during 2004 to 2006, the main findings are as follows …
Persistent link: https://www.econbiz.de/10013123377
Using a unique data set that contains the complete ownership structure of the German stock market, we study the momentum and contrarian trading of different investor groups. Foreign investors and financial institutions, and especially mutual funds, are momentum traders, whereas private...
Persistent link: https://www.econbiz.de/10010467770
Using a unique data set that contains the complete ownership structure of the German stock market, we study the momentum and contrarian trading of different investor groups. Foreign investors and financial institutions, and especially mutual funds, are momentum traders, whereas private...
Persistent link: https://www.econbiz.de/10010471006
Persistent link: https://www.econbiz.de/10012655430
This paper examines the problem of information asymmetry between foreign, local, institutional and individual investors on the Bucharest Stock Exchange (BVB) for the period 2004-2011. Using monthly returns for individual companies listed on BVB, stock market indices during the seven years...
Persistent link: https://www.econbiz.de/10012612399
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