Jun, Sang-gyung; Jung, Mookwon; Walkling, Ralph A. - In: Journal of Corporate Finance 15 (2009) 2, pp. 212-229
We test the signaling and wealth transfer hypotheses around the announcement of share repurchases using a recent and larger sample of data than previously examined while employing a methodology designed to enhance the power of our tests. Disentangling the wealth transfer and signaling hypotheses...
