Porter, Gary E.; Roenfeldt, Rodney L.; Sicherman, Neil W. - In: Journal of Applied Corporate Finance 13 (2000) 1, pp. 122-127
This article shows that share repurchase announcements create value for shareholders when the shares of the industrial firm sell at a discount from the value of the underlying assets, even when shareholders and managers share full information about the firm's prospects and the firm's operating...
