Bessler, Wolfgang; Drobetz, Wolfgang; Seim, Martin - In: The European Journal of Finance 20 (2014) 3, pp. 232-263
This study investigates the motives and valuation effects of share repurchase announcements of German firms during the 1998-2008 period, addressing the question why initial public offering (IPO) firms repurchase shares soon after going public. While our focus is on IPO firms, we also examine the...