We illustrate the value to shareholders when closed-end funds repurchase shares at a discount from net asset value. Repurchases increase share price even when there is no asymmetric information concerning the value of the underlying assets and the percentage discount remains unchanged following...

This paper presents an update of an earlier paper published in the Journal of Finance Literature [Cooley and Heck, 2005] that ranked authors over an earlier 50-year period. There is a remarkable group of prolific authors detailed in this study update: included are 977 prolific authors with 6 or...

This article shows that share repurchase announcements create value for shareholders when the shares of the industrial firm sell at a discount from the value of the underlying assets, even when shareholders and managers share full information about the firm's prospects and the firm's operating...