Ly Thi Hai Tran; Thao Thi Phuong Hoang - In: Cogent economics & finance 10 (2022) 1, pp. 1-23
This paper examines whether share repurchase announcements are signals of undervaluation or insiders’ opportunistic activities by investigating insider trading patterns surrounding buyback announcements in Vietnam. Consistent with the insider opportunism hypothesis, we show that insiders are...