Seeking Alpha from Share Repurchases
Abstract
We assess the announcement wealth effects and trading opportunities on the stocks of share repurchasing firms. We join the traditional CAR approach to estimating abnormal returns with the EVA style approach to investing. Our empirical results are robust and statistically significant for a sample of 1,540 share repurchases observed over the 18-year reporting period, 1997–2014. Our CAR and EVA style findings confirm both information signaling and...
Paper Details
Title
Seeking Alpha from Share Repurchases
Published Date
Sep 25, 2019
Journal
Volume
29
Issue
1
Pages
61 - 79
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