Prior research suggests that managers often fail to complete announced open market repurchase (OMR) plans due to uncertainty in the firm's future cash flows. Although high-ability managers should manage cash flows more effectively to complete share reacquisitions, there is little evidence to...

The Chinese economy is facing the impact of soaring energy prices, including the prices of coal, electricity and oil. The impacts of energy price fluctuations on general prices have a significant delayed effect. A novel price-temporal input-output (I-O) method is proposed to measure these...