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...

Small firms play an important role in most modern economies nevertheless they are not without their problems. Therefore, the development of business failure prediction models for small firms is quite important. In the present study we employ three multicriteria decision aid (MCDA) techniques for...

We adjust the dividend-price ratio for share repurchases and investigate whether predictive power can be improved when constructing forecasts of UK and French equity premia. Regulations in the two largest European stock markets allow us to employ actual repurchase data in our predictive...